Yield to maturity for similar bond is 7 the enterprise, Financial Management

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Yield to maturity for similar bond is 7 the enterprise

An enterprise issue a bond which will mature in 22 years and have a coupon rate of 6.80% with a face value of $1000. Yield to maturity for similar bond is 7%. The enterprise expect to raise $35 million so how many bonds should they sell to raise the debt?

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Financial Management: Yield to maturity for similar bond is 7 the enterprise

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Financial Management: Yield to maturity for similar bond is 7 the enterprise

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