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a) b) c) d) Assume a par value of $1,000. Caspian Sea plans to issue a 19.00 year, annual pay bond that has a coupon
a)
Assume a par value of $1,000. Caspian Sea plans to issue a 19.00 year, annual pay bond that has a coupon rate of 8.00%. If the yield to maturity for the bond is 3.0%, what will the price of the bond be? Submit Answer format: Currency Round to: 2 decimal places. Caspian Sea Drinks needs to raise $29.00 million by issuing bonds. It plans to issue a 12.00 year semi-annual pay bond that has a coupon rate of 5.19%. The yield to maturity on the bond is expected to be 4.75% 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 0 decimal places 3 The market price of a semi-annual pay bond is $989.80. It has 16.00 years to maturity and a yield to maturity of 7.45%. What is the coupon rate? Submit Answer format: Percentage Round to O decimal places (Example 9%, % sign required Will accept decimal format rounded to 2 decimal places (ex 0.09)) Derek borrows $286,633.00 to buy a house. He has a 30-year mortgage with a rate of 5.46%. After making 120.00 payments, how much does he owe on the mortgage? Submit Answer format: Currency Round to: 2 decimal places b)
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