Selling bonds. Rawlings needs to raise ​$ for its new manufacturing plant in Jamaica. Berkman Investment Bank will sell the


Selling bonds. Rawlings needs to raise ​$ for its new manufacturing plant in Jamaica. Berkman Investment Bank will sell the bond for a commission of . The market yield is currently on​ twenty-year zero-coupon bonds. If Rawlings wants to issue a​ zero-coupon bond, how many bonds will it need to sell to raise the ​$​? Assume that the bond is semiannual and issued at a par value of . How many bonds will Rawlings need to sell to raise the ​$​?


Leave a Reply

Your email address will not be published.