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You are at work late on a Friday and your boss walks up. She says, You took a finance course in university didn't you? We're

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You are at work late on a Friday and your boss walks up. She says, "You took a finance course in university didn't you? We're looking at acquiring several new bagel companies and we need to raise $50 Million dollars. To do that we're going to sell 50.000 five-year bonds at 51.000 each. We'll have a coupon interest rate for the bonds and interest will be paid once per year. "I was wondering,' she says thoughtfully. If the bonds had an 8% yield to maturity. what would be the difference in the amount raised?" "Remember, the coupon interest rate on the bonds will still pay 796.1 Don't forget, we have to pay the investment bankers 2% off the total amount of money raised. If we do that, how much will we get in total? Could you write that up tonight before you leave? Thanks. Here. Have a baget." How much will your company get from the offering using the yield to maturity your boss suggested? (answer to the nearest dollar, without commas or dollar signs) You are at work late on a Friday and your boss walks up. She says, "You took a finance course in university didn't you? We're looking at acquiring several new bagel companies and we need to raise $50 Million dollars. To do that we're going to sell 50.000 five-year bonds at 51.000 each. We'll have a coupon interest rate for the bonds and interest will be paid once per year. "I was wondering,' she says thoughtfully. If the bonds had an 8% yield to maturity. what would be the difference in the amount raised?" "Remember, the coupon interest rate on the bonds will still pay 796.1 Don't forget, we have to pay the investment bankers 2% off the total amount of money raised. If we do that, how much will we get in total? Could you write that up tonight before you leave? Thanks. Here. Have a baget." How much will your company get from the offering using the yield to maturity your boss suggested? (answer to the nearest dollar, without commas or dollar signs)

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