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 04 If the yield to maturity for the bond is 7 88 , what will the price of the bond be Answer format Currency Round to 2 decimal places

Question

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 04   If the yield to maturity for the bond is 7 88 , what will the price of the bond be  Answer format  Currency  Round to  2 decimal places

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Question

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 8.04%. If

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 8.04%. If the yield to maturity for the bond is 7.88%, what will the price of the bond be?

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

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