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Caspian Sea Drinks needs to raise $41.00 million by issuing bonds. It plans to issue a 19.00 year semi-annual pay bond that has a
Caspian Sea Drinks needs to raise $41.00 million by issuing bonds. It plans to issue a 19.00 year semi-annual pay bond that has a coupon rate of 5.18%. 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.) Submit Answer format: Number: Round to: 0 decimal places. Assume a par value of $1,000. Caspian Sea plans to issue a 27.00 year, annual pay bond that has a coupon rate of 18.00%. If the yield to maturity for the bond is 18.0%, what will the price of the bond be? Submit Answer format: Currency: Round to: 2 decimal places. The market price of a semi-annual pay bond is $990.73. It has 12.00 years to maturity and a coupon rate of 6.00%. 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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