You are planning to raise $1,000,000 by selling 30-year semi-annual bonds with a 6% coupon rate. If a bond with a similar risk has a YTM of 5.4%, how many bonds does NU tech need to sell to raise the $1,000,000?   (Assume each bond has a face value of $1000.)

 

5 years ago, you sold an issue of 30-year semi-annual bonds with a 6% coupon rate. If a bond with a similar risk has a YTM of 5.3% now, what is the current price of the bond by NU Tech?   Assume the face value is $1000.