The company plans to issue $10 million dollars of $1,000 face value bonds. The bonds pay interest semi-annually at a rate of 8.50% APR and will mature in 10 years. If the current required rate of return on similar debt is 7.75%, how much capital will the company raise in this transaction? PLEASE SHOW THE WORK
a. $9,501,500.
b. $10,515,300.
c. $9,510,700.
d. $33,883,300.
e. $10,509,000

Why Choose Us

  • 100% non-plagiarized Papers
  • 24/7 /365 Service Available
  • Affordable Prices
  • Any Paper, Urgency, and Subject
  • Will complete your papers in 6 hours
  • On-time Delivery
  • Money-back and Privacy guarantees
  • Unlimited Amendments upon request
  • Satisfaction guarantee

How it Works

  • Click on the “Place Order” tab at the top menu or “Order Now” icon at the bottom and a new page will appear with an order form to be filled.
  • Fill in your paper’s requirements in the "PAPER DETAILS" section.
  • Fill in your paper’s academic level, deadline, and the required number of pages from the drop-down menus.
  • Click “CREATE ACCOUNT & SIGN IN” to enter your registration details and get an account with us for record-keeping and then, click on “PROCEED TO CHECKOUT” at the bottom of the page.
  • From there, the payment sections will show, follow the guided payment process and your order will be available for our writing team to work on it.