Question: please solve with BA calculator steps . thank you Casplan Sea Drinks needs to raise $39.00 million by issuing bonds. It plans to issue a
Casplan Sea Drinks needs to raise $39.00 million by issuing bonds. It plans to issue a 12.00 year semi-annual pay bond that has a coupon rate of 5.01%. The yieid to maturity on the bond is expected to be 4.78%. 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) Answer format: Number: Round to: 0 decimal places
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
