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Assume a par value of $1,000 Casplan Sea plans to issue a 3,00 year, annual pay bond that has a coupon rate of 12.00%. If

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Assume a par value of $1,000 Casplan Sea plans to issue a 3,00 year, annual pay bond that has a coupon rate of 12.00%. If the yield to maturity for the bond is 12.0%. what will the price of the bond be? Answer format: Currency Round to 2 decimal places Caspian Sea Drinks needs to raise $28.00 million by issuing bonds: It plans to issue a 14 .00 year sembannual pay bond that has a coupon rate of 5.12%. The yield to maturity on the bond is expected to be 4.78% How many bonds must Caspian Sea issue? (Note Your answer may not be a whole number In realify, a conpany would not ifsue part of a bond)

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