You are planning to raise $1,000,000 by selling 30-year semi-annual bonds with a 6% coupon rate. If
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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.
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1260153590
12th edition
Authors: Stephen M. Ross, Randolph W Westerfield, Robert R. Dockson, Bradford D Jordan
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