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{"ops":[{"insert":"XYZ Bhd recently issued 10-year bonds at a price of RM1,000. These bonds\n\npay 3% in interest each six months. Their price has remained stable since\n\nthey were issued. Due to additional financing needs, the firm wishes to issue\n\nnew bonds that would have a maturity of 10 years, a par value of RM1,000,\n\nand pay RM40 in interest every six months. If both bonds have the same\n\nyield, how many new bonds must XYZ Bhd issue to raise RM2,000,000\n\ncash?\n"}]}
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