Question: please help with these two problems! Thanks Caspian Sea Drinks needs to raise $47.00 million by issuing bonds. It plans to issue a 16.00 year

Caspian Sea Drinks needs to raise $47.00 million by issuing bonds. It plans to issue a 16.00 year semi-annual pay bond that has a coupon rate of 5.03%. The yield to maturity on the bond is expected to be 4.83%. 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 Derek borrows $338,622.00 to buy a house. He has a 30-year mortgage with a rate of 4.43%. After making 107.00 payments, how much does he owe on the mortgage? Submit Answer format: Currency: Round to: 2 decimal places
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