Question
1. Assume a par value of $1,000. Caspian Sea plans to issue a 23.00 year, semi-annual pay bond that has a coupon rate of 11.00%.
1. Assume a par value of $1,000. Caspian Sea plans to issue a 23.00 year, semi-annual pay bond that has a coupon rate of 11.00%. If the yield to maturity for the bond is 11.0%, what will the price of the bond be?
2. Assume a par value of $1,000. Caspian Sea plans to issue a 10.00 year, semi-annual pay bond that has a coupon rate of 7.85%. If the yield to maturity for the bond is 8.16%, what will the price of the bond be?
3. The market price of a semi-annual pay bond is $983.22. It has 12.00 years to maturity and a coupon rate of 6.00%. Par value is $1,000. What is the effective annual yield?
please please please please answer all
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