Assume a par value of $1,000 for all bonds on this quiz. 1. Caspian Sea Drinks plans to issue a 1 5-year, semi-annual pay bond which has a coupon rate of 8.00%. If the yield-to-maturity is 7.80%, then the price of the bond will be S Caspian Sea Drinks plans to issue a 15-year, semi-annual pay bond which has a coupon rate of 8.00%. If the yield-to-maturity is 8.20%, then the price of the bond will be $ 2. 3. All else being equal, if the yield-to-maturity of a bond increases, then the price a. increases b. decreases c. stays the same d. need more information Caspian Sea Drinks plans to raise $50 million by issuing bonds. They plan to issue a 20-year, semi-annual pay bond with a coupon rate of 6.00%. They believe the market will require a 6.20% yield-to-maturity. If this estimate is correct the bonds will sale for $ 4. each. Use information in #4. How many bonds will Caspian Sea Drinks need to sell? (Round to the nearest whole number.) 5