Global Exporters wants to raise $29.6 million to expand its business. To accomplish this, it plans to sell 20-year, $1,000 face value, zero coupon bonds. The bonds will be priced to yield 7.75 percent. What is the minimum number of bonds it must sell to raise the money it needs

135,436 bonds

Explanation:

Calculation for the minimum number of bonds it must sell to raise the money it needs

First step is to calculate the Bond price

Bond price = $1,000 / [1 + (.0775 / 2)](20 × 2)

Bond price = $218.554

Second step is to calculate the Number of bonds

Number of bonds = $29,600,000 / $218.544

Number of bonds= 135,436 bonds

Therefore the minimum number of bonds it must sell to raise the money it needs will be 135,436 bonds

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.

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