Business, 04.11.2020 19:00 mariamsakayanthebest
A firm plans to raise $94 million by issuing 12 - year, 6.54 percent semiannual coupon bonds with face value of $1,000 and yield to maturity of 5.26 percent. What is the minimum number of these bonds the firm needs to sell to meet its objective
Answers: 1
![P = [C][\frac{1-\frac{1}{(1+i)^n} }{i} ]+\frac{M}{(1+i)^n} \\\\ P = [32.70][\frac{1-\frac{1}{(1+0.0263)^{24}} }{0.0263} ]+\frac{1000}{(1+0.0263)^{24}} \\\\ P = 1112.84](/tpl/images/0866/8474/f9704.png)
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A firm plans to raise $94 million by issuing 12 - year, 6.54 percent semiannual coupon bonds with fa...
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