FIN 534 RANK Change The World /fin534rank.com FIN 534 RANK Change The World /fin534rank.com | Page 58

bond, and it will also have a 25-year maturity and a $1,000 par value,
but its semiannual coupon will be only 6.25%. If both bonds are to
provide investors with the same effective yield, how many of the OID
bonds must Cosmic issue to raise $3,000,000? Disregard flotation costs,
and round your final answer up to a whole number of bonds.
a. 4,228
b. 4,337
c. 4,448
d. 4,562
e. 4,676
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FIN 534 Week 3 DQ 1
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Week 3 discussion 1
Starting with your current situation, describe what you must do to ensure
an annual retirement income of $60,000 starting at age 65.
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FIN 534 Week 3 DQ 2
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