Assume a par value of $1,000. Caspian Sea plans to issue a 6.00 year, annual pay bond that has a coupon rate of 8.12%. If the yield to maturity for the bond is 7.78%, what will the price of the bond be?

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#2

Assume a par value of $1,000. Caspian Sea plans to issue a 17.00 year, annual pay bond that has a coupon rate of 7.81%. If the yield to maturity for the bond is 8.13%, what will the price of the bond be?

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#3

Assume a par value of $1,000. Caspian Sea plans to issue a 19.00 year, annual pay bond that has a coupon rate of 7.00%. If the yield to maturity for the bond is 7.0%, what will the price of the bond be?

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Answer format: Currency: Round to: 2 decimal places.