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Moon Software Inc.is planning to issue two types of 25-year,noncallable bonds to raise a total of $6 million,$3 million from each type of bond.First,3,000 bonds with a 10% semiannual coupon will be sold at their $1,000 par value to raise $3,000,000.These are called "par" bonds.Second,Original Issue Discount (OID) bonds,also with a 25-year maturity and a $1,000 par value,will be sold,but these bonds will have a semiannual coupon of only 6.75%.The OID bonds must be offered at below par in order to provide investors with the same effective yield as the par bonds.How many OID bonds must the firm issue to raise $3,000,000? Disregard flotation costs,and round your final answer up to a whole number of bonds.
Control
In the context of experiments, it refers to a standard of comparison for checking or verifying the results of an experiment. In general, it means the power to influence or direct people's behavior or the course of events.
Diana Baumrind
A developmental psychologist best known for her research on parenting styles and their effects on children's development.
Parenting Styles
Describes the variations in the ways parents raise their children, traditionally categorized into authoritative, authoritarian, permissive, and uninvolved styles.
High On Control
A state or condition wherein an individual seeks or enjoys excessive power over situations or other people.
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