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Answer format: Currency: Round to: 2 decimal places. Show Hint 322 Assume a par value of $1,000. Caspian Sea plans to issue a 18.00 year,

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Answer format: Currency: Round to: 2 decimal places. Show Hint 322 Assume a par value of $1,000. Caspian Sea plans to issue a 18.00 year, semi-annual pay bond that has a coupon rate of 7.96%. If the yield to maturity for the bond is 8.10%, what will the price of the bond be? Submit Answer format: Currency: Round to: 2 decimal places. #23 The market price of a semi-annual pay bond is $975.29. It has 16.00 years to maturity and a coupon rate of 6.00%. Par value is $1,000. What is the yield to maturity? Submit Answer format: Percentage Round to: 4 decimal places (Example: 9.2434%, % sign required. Will accept decimal format rounded to 6 decimal places (ex: 0.092434) #24 If the yield to maturity and the coupon rate are the same, then the bond should sell for a. a premium b. a discount c. par value To answer enter a, b, or c

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