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#2 Caspian Sea Drinks needs to raise $50.00 million by issuing bonds. It plans to issue a 13.00 year semi-annual pay bond that has a

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#2 Caspian Sea Drinks needs to raise $50.00 million by issuing bonds. It plans to issue a 13.00 year semi-annual pay bond that has a coupon rate of 5.10%. The yield to maturity on the bond is expected to be 4.77%. How many bonds must Caspian Sea issue? (Note: Your answer may not be a whole number. In reality, a company would not issue part of a bond.) Submit #4 Derek borrows $290,966.00 to buy a house. He has a 30-year mortgage with a rate of 5.54%. After making 131.00 payments, how much does he owe on the mortgage? Submit Answer format: Currency: Round to: 2 decimal places

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