1. First of all, the issue face value is 5 million yuan, that is, the face value of each bond is 100 yuan, and a total of 5,000 bonds are issued.
2. The issue price is 4.8 million yuan, which means that the issue price of each bond is 96 yuan, which is lower than the face value, indicating that the market interest rate is higher than the bond interest rate of the company.
If these bonds are issued at face value, the company can get 5 million yuan, but because the issue price is lower than face value, the actual raised funds are only 4.8 million yuan.
4. Under normal circumstances, the determination of bond interest rate is based on the current interest rate level of bonds with the same maturity in the market and the credit rating of the company. Therefore, the annual interest rate that the company needs to pay to bondholders is: (100-96)/96/5 = 4.17%.
In addition, after this fund is deposited in the bank, it will earn the deposit interest income paid by the bank. If the company chooses a fixed deposit with an annual interest rate of 3%, at the end of the five-year period, the deposit of this bond will become: 4.8 million x (1+3%) 5 = 5,559,800 yuan, and the income will be 759,800 yuan.