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 10.00%. If the yield to maturity for the bond is 10.0%, what will the price of the bond be? Submit Answer format: Currency: Round to: 2 decimal places. unanswered not_submitted Attempts Remaining: Infinity

#2 Caspian Sea Drinks needs to raise $24.00 million by issuing bonds. It plans to issue a 20.00 year semi-annual pay bond that has a coupon rate of 5.20%. 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. unanswered not_submitted Attempts Remaining: Infinity

#3 The market price of a semi-annual pay bond is $982.55. It has 18.00 years to maturity and a yield to maturity of 7.37%. What is the coupon rate? Submit Answer format: Percentage Round to: 0 decimal places (Example: 9%, % sign required. Will accept decimal format rounded to 2 decimal places (ex: 0.09)) unanswered not_submitted Attempts Remaining: Infinity

#4 Derek borrows $262,779.00 to buy a house. He has a 30-year mortgage with a rate of 4.08%. After making 103.00 payments, how much does he owe on the mortgage? Submit Answer format: Currency: Round to: 2 decimal places.