Business, 02.08.2019 23:30 eli761029

Selling bonds. lunar vacations needs to raise $ 6 comma 200 comma 000 for its new project (a golf course on the moon). astro investment bank will sell the bond for a commission of 2.1 %. the market yield is currently 7.3 % on twenty-year semiannual bonds. if lunar wants to issue a 5.5 % semiannual coupon bond, how many bonds will it need to sell to raise the $ 6 comma 200 comma 000? assume that all bonds are issued at a par value of $ 1 comma 000. how many bonds will lunar need to sell to raise the $6 comma 200 comma 000?

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Selling bonds. lunar vacations needs to raise $ 6 comma 200 comma 000 for its new project (a golf c...