The difference between the price that she is willing to pay and the price at which she is willing to buy a bond is called the:

Lerner Corp. needs to raise $56 million for a new plant and they plan to issue 20-year bonds to pay for the project. The know the required return on the bond issue will be 5.2 percent, and they are evaluating two issue alternatives: A semiannual coupon bond with a coupon rate of 5.2 percent and a zero coupon bond. Both bonds will have a par value of $1,000. Assume the corporate tax rate is 22 percent.

a-1.	How many coupon bonds does the company need to issue to raise the $56 million?
a-2.	How many zeroes does the company need to issue to raise the same amount? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
b-1.	In 20 years, what will the companys repayment be if they issue the coupon bonds? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
b-2.	What will the repayment be if the company issues zeroes? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
c.	Calculate the aftertax cash flows for the first year for each alternative bond issue.