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224 Caspian Sea Drinks needs to raise $24.00 million by issuing bonds. It plans to issue a 14.00 year semi-annual pay bond that has a
224 Caspian Sea Drinks needs to raise $24.00 million by issuing bonds. It plans to issue a 14.00 year semi-annual pay bond that has a coupon rate of 5.06%. The yield to maturity on the bond is expected to be 4.75%. 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, The market price of a semi-annual pay bond is $988.71. It has 18.00 years to maturity and a coupon rate of 8.00%. Par value is $1,000. What is the yield to maturity? Submit Answer format: Porcentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Ww accept decimal format rounded to 6 decimal places (ex 0.092434)
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