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A couple purchased a bond for $950.00 three years ago. The bond pays 7.125% APR with semi-annual coupons with a face value of $1,000. Currently,

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A couple purchased a bond for $950.00 three years ago. The bond pays 7.125% APR with semi-annual coupons with a face value of $1,000. Currently, the bond has exactly 10 years until maturity, and investors seek a return of 12.00% APR on bonds of similar risk. What is the current price of the bond? Submit Answer format: Currency: Round to: 2 decimal places. Sammy Jackson just received a graduation gift from her "papa" for graduating college. She wants to buy bonds from Seaside Beach Corporation. Currently, a Seaside bond is available with a 15.00-year maturity, 6.98% APR coupon rate with semi-annual coupons, and $1,000.00 face value. What is the most that Sammy should pay for this bond if the current market rate is 4.28% APR? Submit Answer format: Currency: Round to: 2 decimal places. Caspian Sea Drinks needs to raise $38.00 million by issuing bonds. It plans to issue a 14.00 year semi-annual pay bond that has a coupon rate of 5.15%. The yield to maturity on the bond is expected to be 4.76%. 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

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