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Assume a par value of $1,000. Caspian Sea plans to issue a 20.00 year, annual pay bond that has a coupon rate of 7.96%. If
Assume a par value of $1,000. Caspian Sea plans to issue a 20.00 year, annual pay bond that has a coupon rate of 7.96%. If the yield to maturity for the bond is 8.38%, what will the price of the bond be?
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