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RFG Industries needs to raise $43.00 million by issuing bonds. It plans to issue a...

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Accounting

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RFG Industries needs to raise $43.00 million by issuing bonds. It plans to issue a 19 year, semi-annual payment bond that has a coupon rate of 5.26%. The yield to maturity on the bond is expected to be 4.77% p.a. How many bonds must RFG Industries issue? If necessary, round your answer up to the nearest whole number. 1) 40,537 2) 41,323 3) 44,350 4) None of the given answers for this question are within 100 of the correct answer. 5) 49,043 6) 47,399

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