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17 Caspian Sea Drinks needs to raise $45.00 million by issuing bonds it plans to issue a 14.00 year semi-annual pay bond that has a

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17 Caspian Sea Drinks needs to raise $45.00 million by issuing bonds it plans to issue a 14.00 year semi-annual pay bond that has a coupon rate of 5.12%. The yield to maturity on the bond is expected to be 4.78%. 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 #18 The market price of a semi-annual pay bond is $95583. It has 15 00 years to maturity and a coupon rate of 5.00% Par value is $1000 What is the yield to maturity? Submit Answer format: Percentage Round to 4 decimal places (Example 9 2494% % sign required Will accept decimat. format rounded to 6 decimal places (ex 0.092434)

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