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The MerryWeather Firm wants to raise $25 million to expand its business. To accomplish this, the firm plans to sell 20-year, $1,000 face value zero-coupon

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The MerryWeather Firm wants to raise $25 million to expand its business. To accomplish this, the firm plans to sell 20-year, $1,000 face value zero-coupon bonds. The bonds will be priced to yield 7 percent. What is the minimum number of bonds the firm must sell to raise the $25 million it needs? Use annual compounding. 96,742 271,372 135,686 48,371 25,000 Oil Well Supply offers 7.5 percent coupon bonds with semiannual payments and a yield to maturity of 7.68 percent. The bonds mature in 6 years. What is the market price per bond if the face value is $1.000? $1,002.60 $996.48 $991.47 $989.70 $1,013.48 Roadside Markets has a 6.75 percent coupon bond outstanding that matures in 10.5 years. The bond pays interest semiannually. What is the market price per bond if the face value is $1,000 and the yield to maturity is 7.2 percent? $1 .007.52 $903.42 $899.85 $899.80 $967.24

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