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Please answer Bond price and Number of bonds. Cullumber Company is issuing eight-year...

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Finance

Please answer Bond price and Number of bonds.

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Cullumber Company is issuing eight-year bonds with a coupon rate of 5.1 percent and semiannual coupon payments. If the current market rate for similar bonds is 10 percent. Assume face value is $1,000. What will the bond price be? (Round intermediate calculations to 5 decimal places, e.g. 1.25145 and bond price to 2 decimal places, e.g. 15.25.) Bond price $ If company management wants to raise $1.25 million, how many bonds does the firm have to sell? (Round intermediate calculations to 5 decimal places, e.g. 1.25145 and number of bonds to 0 decimal places, e.g. 5,275.) Number of bonds eTextbook and Media Last saved 1 second ago. - Attempts: unlimited Saved work will be auto-submitted on the due date. Autosubmission can take up to 10 minutes

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