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R1 Assume a par value of $1,000. Caspian Sea plans to issue a 21.00 year, annual pay bond that has a coupon rate of 11.00%. If the yield to maturity for the bond is 11.0%, what will the price of the bond be? Submit Answer format: Currency: Round to: 2 decimal places. C unanswered not submitted Attempts Remaining: Infinity #2 Caspian Sea Drinks needs to raise $37.00 million by issuing bonds. It plans to issue a 19.00 year semi- annual pay bond that has a coupon rate of 5.13%. The yield to maturity on the bond is expected to be 4.86%. 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 Answer format: Number: Round to: O decimal places. c unanswered not submitted Points: 0/4 Grade: 0 % Progress: 0 % Hide