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Corporate Finance Assignment/ Professional Essay Writers

Rawlings needs to raise 42,800,000 for its new manufacturing plant in Jamaica. Berkman Investment Bank will sell the bond for a commission of 2.9%. The market yield is currently 7.4% 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 42,800,000​?

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Assume that the bond is semiannual and issued at a par value of $1,000.

How many bonds will Rawlings need to sell to raise the 42,800,000​?

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