Assume a par value of $1,000. Caspian Sea plans to issue a 2.00 year, annual pay bond that has a coupon rate of 18.00%. If the yield to maturity for the bond is 18.0%, what will the price of the bond be?

Caspian Sea Drinks needs to raise $44.00 million by issuing bonds. It plans to issue a 14.00 year semi-annual pay bond that has a coupon rate of 5.16%. The yield to maturity on the bond is expected to be 4.85%. 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.)

The market price of a semi-annual pay bond is $986.70. It has 29.00 years to maturity and a yield to maturity of 7.23%. What is the coupon rate?

Derek borrows $316,196.00 to buy a house. He has a 30-year mortgage with a rate of 5.57%. After making 85.00 payments, how much does he owe on the mortgage?