Question: A compary is considering issuing bonds, and it is thinking about how it will have to budget its resources to be able to make interest
A compary is considering issuing bonds, and it is thinking about how it will have to budget its resources to be able to make interest coupon payments on the bond. The compary believes the yleld to maturity on the bonds that it issues will be F and is wants to set the coupon so that the bonds will be priced at their face value of $ at the time that they're issued. The bonds will make semiannual coupon payments, and the company wants to issue bonds, so that if will raise $ million in total bonds times the $ price when ther're issued. How much cash will the company have to save up every slx months to ensure that it has enough money to make its scheduled coupon payments on these bonds?
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