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The Buy N Large Corporation is considering issuing some bonds. They wish to issue 1 0 0 0 bounds with a monthly coupon, an APR
The Buy Large Corporation is considering issuing some bonds. They wish to issue bounds with a monthly coupon, an APR of and a face value of $ You can see that other bonds previously issued by Buy Large have an annual yield to maturity of Assume that choosing to issue these bonds doesn't change the riskiness, and thus the yield to maturity, of Buy N Large's bonds.
a How much will each coupon payment be
b What will the price of the bond be when issued?
c How much money will Buy Large raise from the sale of these bonds?
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