#23 Assume a par value of $1,000. Caspian Sea plans to issue a 20.00 year, semi-annual pay bond that has a coupon rate 7.90%the yield to maturity for the bond 8.18%, what will the price of the bond be?

#24 Caspian Sea Drinks needs to raise $41.00 million by issuing bondsIt plans to issue a 18.00 year semi-annual pay bond that has a coupon rate of 5.03%. The yield to maturity on the bond is expected to be 4.70%. How many bonds must Caspian Sea Issue? (Note: Your answer may not be a whole numberIn reality, a company would not issue part of a bond.)

#27 The risk-free rate is 3.13% and the market risk premium is 9.43%. A stock with a of 1.07 just paid a dividend of $1.45 The dividend is expected to grow at 22.65% for three years and then grow at 3.45% forever. What is the value of the stock?

#28 A firm just paid a dividend of $3.14. The dividend is expected to grow at a constant rate of 4.38% forever and the required rate of return is 10.94%. What is the value of the stock?