Caspian Sea Drinks needs to raise $36.00 million by issuing bonds. It plans to issue a 14.00 year semi- annual pay bond that has a coupon rate of 5.19%. The yield to maturity on the bond is expected to be 4.74%. 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.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Caspian Sea Drinks needs to raise $36.00 million by
issuing bonds. It plans to issue a 14.00 year semi-
annual pay bond that has a coupon rate of 5.19%. The
yield to maturity on the bond is expected to be 4.74%.
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.
unanswered
not_submitted
Attempts Remaining: Infinity
Transcribed Image Text:#2 Caspian Sea Drinks needs to raise $36.00 million by issuing bonds. It plans to issue a 14.00 year semi- annual pay bond that has a coupon rate of 5.19%. The yield to maturity on the bond is expected to be 4.74%. 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. unanswered not_submitted Attempts Remaining: Infinity
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