Suppose your company needs to raise 55,800,800 million and you want to issue 20-year bonds for this purpose. Assume the YDM on your bonds will be 4.488% and you are evalutating two issue alternartives: a semi-annual coupon with a coupon rate of 7.2% or a zero coupon bonds. Each bonds has par value of $1000:

A. Calculate the price of each bond.

B.How many of the coupon bonds would you need to issue to raise the 55,800,800 million? How many of the zeo coupon bond would you need to issue?

C. At maturity in 20 years, what will be your company's final payment if you issue the coupon bond or the zero coupon bonds?