Setrakian Industries needs to raise $60.1 million to fund a new project. The company will sell bonds that have a coupon rate of 5.66 percent paid semiannually and that mature in 15 years. The bonds will be sold at an initial YTM of 6.28 percent and have a par value of $2,000. How many bonds must be sold to raise the necessary funds?

What two elements normally must exist before a person can be held liable for a crime

Imagine you own an established startup with growing profits. you are looking for funding to greatly expand company operations. what method of financing would be best for you?

At the beginning of 2014, winston corporation issued 10% bonds with a face value of $2,000,000. these bonds mature in five years, and interest is paid semiannually on june 30 and december 31. the bonds were sold for $1,852,800 to yield 12%. winston uses a calendar-year reporting period. using the effective-interest method of amortization, what amount of interest expense should be reported for 2014? (round your answer to the nearest dollar.)