The Coneeds$28 million to grow. Theywillsell 20yr, $1,000 face value bonds that have 0% coupon. The expected YTM is6 percent. How many bonds are needed to obtain the $28 million? Use annual compounding. Hint: Solve for bond price, and use thisprice per bond to solve for the number of bonds to equal the dollar amount needed.

Answer rating: 100% (QA)

To calculate how many bonds are needed to obtain 28 million we can follow these steps 1 Calculate th... View the full answer