Caspian Sea Drinks needs to raise $38.00 million by issuing bonds. It plans to issue a 14.00 year semi-annual pay bond that has a coupon rate of 5.15%. The yield to maturity on the bond is expected to be 4.76%. 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: 0 decimal places. 32 An analyst has been following American Dream stock. He projects the following dividends for the next three years: YEAR 1 2 3 AU Dividend $1.59 $2.20 $3.05 The analyst notes that American Dream stock has a required return of 10.18%. The analyst projects that dividends will grow at a constant rate of 3.00% per year after year 3. What is the current price of the stock if his assumptions are correct? Submit Answer format: Currency: Round to: 2 decimal places. The risk-free rate is 2.17% and the market risk premium is 8.42%. A stock with a of 1.25 just paid a dividend of $1.12. The dividend is expected to grow at 24.95% for three years and then grow at 4.06% forever. What is the value of the stock? Submit Answer format: Currency: Round to: 2 decimal places