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Caspian Sea Drinks needs to raise $23.00 million by issuing bonds. It plans to issue a 17.00 year semi-annual pay bond that has a coupon
Caspian Sea Drinks needs to raise $23.00 million by issuing bonds. It plans to issue a 17.00 year semi-annual pay bond that has a coupon rate of 5.15%. The yield to maturity on the bond is expected to be 4.73%. 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.) Answer format: Number: Round to: 0 decimal places. Assume a par value of $1,000. Caspian Sea plans to issue a 30.00 year, annual pary 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. The market price of a semi-annual pay bond is $957.28. It has 13.00 years to maturity and a coupon rate of 7.00\%. Per value is $1,000. What is the yield to maturity? Answer format: Percentage Round to: 4 decimal places (Exampie: 9.2434%, \% sign required. Wil accept docimal format rounded to 6 decimal places (ex: 0.092434))
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