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The Dinosaur Adventure Theme Park needs $ 2 0 0 million to build a monorail that will run through the park. The park's financial advisors

The Dinosaur Adventure Theme Park needs $200 million to build a monorail that will run through the park. The park's financial advisors believe that it will be able to borrow the money by issuing a 30-year bond with an annual coupon rate of 4.8 percent that pays interest every 6 months. However, interest rates have been very volatile over the last year, ranging from 4.6 percent to 5.1 percent for borrowers with Dinosaur's credit rating. As a result, Dinosaur's manager is concerned. If rates rise while the offering is in registration, Dinosaur will not get the $200 million it needs from the sale of its bonds. To make sure they will be able to raise enough money, Dinosaurs financial advisors have recommended that Dinosaur register a total of $250 million worth of bonds. In the event that rates rise above 4.8 percent, Dinosaur will sell enough additional bonds to get the $200 million it needs for the monorail system.
If rates rise to 4.95 percent on the day the bonds are sold, how much would Dinosaur receive from the sale of $200 million worth of bonds?
What is the par value of the additional bonds that Dinosaur must sell to raise the required $200 million.

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