Question: A firm decides it needs $15,000 dollars and is going to raise it with $1000 face value bonds. The Bonds sell for $1100 dollars a

A firm decides it needs $15,000 dollars and is going to raise it with $1000 face value bonds. The Bonds sell for $1100 dollars a piece. How much does the firm raise?

Group of answer choices

$15,000

$11,000

Depends on the YTM

$16,000

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