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 8.01%. If the yield to maturity for the bond is 7.55%, what will the price of the bond be? Round to: 2 decimal places.

Assume a par value of $1,000. Caspian Sea plans to issue a 5.00 year, annual pay bond that has a coupon rate of 7.97%. If the yield to maturity for the bond is 8.30%, what will the price of the bond be? Round to: 2 decimal places.

What is the value today of a money machine that will pay $1,711.00 per year for 10.00 years? Assume the first payment is made 8.00 years from today and the interest rate is 11.00%. Round to: 2 decimal places.

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.