Caspian Sea Drinks needs to raise $37.00 million by issuing bonds. It plans to issue a 12.00 year semi-annual pay bond that has a coupon rate of 5.05%. The yield to maturity on the bond is expected to be 4.83%. 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.)

The market price of a semi-annual pay bond is $972.10. It has 15.00 years to maturity and a yield to maturity of 7.37%. What is the coupon rate?

Derek borrows $270,069.00 to buy a house. He has a 30-year mortgage with a rate of 4.88%. After making 105.00 payments, how much does he owe on the mortgage?