Assume a par value of $1,000. Caspian Sea plans to issue a 28.00 year, annual pay bond that has a coupon rate of 13.00%. If the yield to maturity for the bond is 13.0%, what will the price of the bond be?

Caspian Sea Drinks needs to raise $48.00 million by issuing bonds. It plans to issue a 15.00 year semi-annual pay bond that has a coupon rate of 5.17%. The yield to maturity on the bond is expected to be 4.84%. 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.)