Business
Business, 26.09.2019 23:30, msjoey45

Jrj corporation recently issued 10-year bonds at a price of $1,000. these bonds pay $60 in interest each six months. their price has remained stable since they were issued, i. e., they still sell for $1,000. due to additional financing needs, the firm wishes to issue new bonds that would have a maturity of 10 years, a par value of $1,000, and pay $40 in interest every six months. if both bonds have the same yield, how many new bonds must jrj issue to raise $2,000,000 cash? show work. a 5000b 2596c 3000d 2400e 4275

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Jrj corporation recently issued 10-year bonds at a price of $1,000. these bonds pay $60 in interest...

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