Assume a par value of $1,000. Caspian Sea plans to issue a 18.00 year, annual pay bond that has a coupon rate of 8.04%. If the yield to maturity for the bond is 7.60%, what will the price of the bond be?

Assume a par value of $1,000. Caspian Sea plans to issue a 15.00 year, annual pay bond that has a coupon rate of 7.84%. If the yield to maturity for the bond is 8.40%, what will the price of the bond be?

What is the value today of a money machine that will pay $4,839.00 per year for 15.00 years? Assume the first payment is made 8.00 years from today and the interest rate is 14.00%.