Question: Really need help on this last question please and thank you! 22 O Caspian Sea Drinks needs to raise $31.00 million by issuing bonds it
22 O Caspian Sea Drinks needs to raise $31.00 million by issuing bonds it plans to issue a 16.00 year semi-annual pay bond that has a coupon rate of 5.18%. 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 bord.) Submit Answer format: Number: Round to: O decimal places
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