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Assume a par value of $ 1 , 0 0 0 . Caspian Sea plans to issue a 1 3 . 0 0 year, semi

Assume a par value of $1,000. Caspian Sea plans to issue a 13.00 year, semi-annual pay bond that has a coupon rate of 8.03%. If the yield to maturity for the bond is 7.80%, what will the price of the bond be?

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