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The Putnam Group wants to issue $50 Million of new 20-year bonds. The bonds have a coupon of 4.25%, paid semi-annually. The YTM on similar

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The Putnam Group wants to issue $50 Million of new 20-year bonds. The bonds have a coupon of 4.25%, paid semi-annually. The YTM on similar Putnam bonds is currently 4.75%. What is the total amount of money raised by Putnam from the bond issue? Select one: a. $50,000,000 X 0 b. $49,665,331 c. $48,362,905 d. $46,795,053 C e. $46,554,556 Five years after buying the bond issued by The Putnam Group in Question #6, you need to sell. The current YTM at the sale date is 4.0%. What is your sale price per $1,000 bond? Select one: a. $995 x b. $1,000 c. $1,009 d. $1,028 e. $1,084

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