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Business, 24.12.2019 20:31 Dbranden1038

Caspian sea drinks needs to raise $21.00 million by issuing bonds. it plans to issue a 18.00 year semi-annual pay bond that has a coupon rate of 5.10%. the yield to maturity on the bond is expected to be 4.90%. 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.)

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Caspian sea drinks needs to raise $21.00 million by issuing bonds. it plans to issue a 18.00 year se...
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