our company wants to raise $8.17 million by issuing 18.00-year zero coupon bonds. If the yield to maturity on the bonds will be 7.33% (annual compounded APR), what total principal amount of bonds must you issue? (Principal will be the face value of the zero-coupon bond.) Answer in terms of millions. (Ex. $1,000,000 would be 1.00)

Caspian Sea is considering raising $42.00 million by issuing preferred stock. They believe the market will use a discount rate of 12.51% to value the preferred stock which will pay a dividend of $3.50. How many shares will they need to issue?