Question: please answer both they are hard Assume a par value of $1,000. Caspian Sea plans to issue a 3.00 year, annual pay bond that has
Assume a par value of $1,000. Caspian Sea plans to issue a 3.00 year, annual pay bond that has a coupon rate of 13.00%. If the yield to maturity for the bond is 13.0%, what will the price of the bond be? Submit Answer format: Currency: Round to: 2 decimal places. Caspian Sea Drinks needs to raise $44.00 million by issuing bonds. It plans to issue a 17.00 year semi-annual pay bond that has a coupon rate of 5.12%. The yield to maturity on the bond is expected to be 4,84%. 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
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
