Sunderland Company is issuing 8 yr bonds with a coupon rate of 5.9% and semiannual coupon pymts. If the current market rate for similar bonds is 8%... What will the bond price be? (Round intermediate calculations to 5 decimal places & the bond price to 2 decimal places.)   And if the company management wants to raise $1.25 million, how many bonds does the firm have to sell?

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Q: solve and show work ai

A:

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