Assume a par value of $1,000. Caspian Sea plans to issue a 11.00 year, semi-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 is considering raising $23.00 million by issuing preferred stock. They believe the market will use a discount rate of 12.26% to value the preferred stock which will pay a dividend of $2.65. How many shares will they need to issue?

Please answer both it's 1 Question on assignment