Reference no: EM13483068

Lopez Information Systems is planning to issue 10-year bonds. The going market rate for such bonds is 7.53 percent. Assume that coupon payments will be semiannual. The company is trying to decide between issuing an 8 percent coupon bond or a zero coupon bond. The company needs to raise $1 million.(All intermittent calculations should be rounded to 4 decimal places before carrying to next calculation.)(*) (Round the bonds value to 2 decimal places.)(**) (Round the number of shares up to the nearest whole number.)A. The price of the 8 percent coupon bonds would be $ (*)B. Lopez would need to sell coupon bonds to raise $1 million. (**)C. The price of the zero coupon bonds would be $ (*)D. Lopez would need to sell zero coupon bonds to raise $1 million. (**)