NOVO QUESTION 4 Due to additional financing needs, JRJ Corporation wishes to issue now bonds that would have a maturity of 10 years, a par value of $1,000, and pay 540 in interest every six months. If investors require a 12 percent retum on JR's bond, how many new bonds must JRJ issue to raise $2.000.000 cash? a 2.595.37 b. 2,400.00 c. 2,300 50 d. 2,000.00 e. 1,000,56 QUESTIONS A $1,000 face value bond is currently quoted at 1015. The bond pays semi-annual payments of $47.50 and matures in 11 years. What is the coupon rato? 3. 9.5 percent b.9.0 percent 8.5 percent 0.7.0 percent e. 6.5 percent
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