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Caspian Sea Drinks needs to raise $34.00 million by issuing bonds. It plans to issue a 13.00 year semi-annual pay bon that has a coupon

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Caspian Sea Drinks needs to raise $34.00 million by issuing bonds. It plans to issue a 13.00 year semi-annual pay bon that has a coupon rate of 5.05%. The yield to maturity on the bond is expected to be 4.90%. 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.) Submit Answer format: Number: Round to: O decimal places. The market price of a semi-annual pay bond is $980.79. It has 12.00 years to maturity and a coupon rate of 5.00%. Par value is $1,000. What is the yield to maturity? Submit Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434))

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