22 #2 Caspian Sea Drinks needs to raise $22.00 million by issuing bonds. It plans to issue...

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Caspian Sea Drinks needs to raise $22.00 million by issuing bonds. It plans to issue a 19.00 year semi-annual pay bond that has a coupon rate of 5.03%. The yield to maturity on the bond is expected to be 4.81%. 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.)

Posted Date: May 19, 2024 03:04 PM

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22 #2 Caspian Sea Drinks needs to raise $22.00 million by issuing bonds. It plans to issue...

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