Setrakian Industries needs to raise $90.2 million to fund a new project. The com a coupon rate of 5.94 percent paid semiannually and that mature in 25 years. Th initial YTM of 6.70 percent and have a par value of $2,000. How many bonds m
Setrakian Industries needs to raise $90.2 million to fund a new project. The com a coupon rate of 5.94 percent paid semiannually and that mature in 25 years. Th initial YTM of 6.70 percent and have a par value of $2,000. How many bonds m
Chapter8: Analysis Of Risk And Return
Section: Chapter Questions
Problem 9P
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![Setrakian Industries needs to raise $90.2 million to fund a new project. The company will sell bonds that have
a coupon rate of 5.94 percent paid semiannually and that mature in 25 years. The bonds will be sold at an
initial YTM of 6.70 percent and have a par value of $2,000. How many bonds must be sold to raise the
necessary funds? (Round your intermediate calculations to two decimal places and final answer to the nearest
whole number.) O Multiple Choice o 49,647 bonds 163,017 bonds 90,200 bonds 45,100 bonds 62,059 bonds
Setrakian Industries needs to raise $90.2 million to fund a new project. The company will sell bonds that have a coupon rate of 5.94 percent paid
semiannually and that mature in 25 years. The bonds will be sold at an initial YTM of 6.70 percent and have a par value of $2,000. How many bonds
must be sold to raise the necessary funds? (Round your intermediate calculations to two decimal places and final answer to the nearest whole
number.)
Multiple Choice
49,647 bonds
163,017 bonds
90,200 bonds
45,100 bonds
G
62,059 bonds](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6b4cfa66-3ca1-4a52-ab67-883b628d80d6%2F63a87e4e-0053-4c84-9ce0-8bc05bfaffee%2F2a5g1gr_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Setrakian Industries needs to raise $90.2 million to fund a new project. The company will sell bonds that have
a coupon rate of 5.94 percent paid semiannually and that mature in 25 years. The bonds will be sold at an
initial YTM of 6.70 percent and have a par value of $2,000. How many bonds must be sold to raise the
necessary funds? (Round your intermediate calculations to two decimal places and final answer to the nearest
whole number.) O Multiple Choice o 49,647 bonds 163,017 bonds 90,200 bonds 45,100 bonds 62,059 bonds
Setrakian Industries needs to raise $90.2 million to fund a new project. The company will sell bonds that have a coupon rate of 5.94 percent paid
semiannually and that mature in 25 years. The bonds will be sold at an initial YTM of 6.70 percent and have a par value of $2,000. How many bonds
must be sold to raise the necessary funds? (Round your intermediate calculations to two decimal places and final answer to the nearest whole
number.)
Multiple Choice
49,647 bonds
163,017 bonds
90,200 bonds
45,100 bonds
G
62,059 bonds
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