The XYZ Corporation needs to raise some funds to pay for new equipment. They issue $1000000 worth of 20 -year bonds with semi-annual coupons at i(2)=6%. These bonds are redeemable at 105. At the time of issue, interest rates in the market place are i(12)=5.5%/a. How much money did they raise? The XYZ Corporation needs to raise some funds to pay for new equipment. They issue $1000000 worth of 20 -year bonds with semi-annual coupons at i(2)=6%. These bonds are redeemable at 105. At the time of issue, interest rates in the market place are i(12)=5.5%/a. How much money did they raise