Business, 02.04.2020 01:50 EssiePooh7649
Reinegar Corporation is planning two new issues of 25-year bonds. Bond Par will be sold at its $1,000 par value, and it will have a 10% semiannual coupon. Bond OID will be an Original Issue Discount bond, and it will also have a 25-year maturity and a $1,000 par value, but its semiannual coupon will be only 7.00%.
If both bonds are to provide investors with the same effective yield, how many of the OID bonds must Reinegar issue to raise $3,000,000?
Disregard flotation costs, and round your final answer up to a whole number of bonds.
Answers:
a.
4,337
b.
4,562
c.
4,132
d.
4,228
e.
4,448
Answers: 2
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Answers: 1
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Reinegar Corporation is planning two new issues of 25-year bonds. Bond Par will be sold at its $1,00...
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