question archive Caspian Sea Drinks needs to raise $28
Caspian Sea Drinks needs to raise $28
Subject:FinancePrice: Bought3
Caspian Sea Drinks needs to raise $28.00 million by issuing bonds. It plans to issue a 16.00 year semi-annual pay bond that has a coupon rate of 5.10%. The yield to maturity on the bond is expected to be 4.73%. 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.)
