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Assume a par value of $1,000. Caspian Sea plans to issue a 13.00 year, annual pay bond that has a coupion rate of 7.85%. If

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Assume a par value of $1,000. Caspian Sea plans to issue a 13.00 year, annual pay bond that has a coupion rate of 7.85%. If the yield to maturity for the bond is 8.42%, what will the price of the bond be? Answer format: Currency: Round to: 2 decimal places. E Attempts Remaining: Infinity A4 4 What is the value today of a money machine that will pay $1,077.00 per year for 19.00 years? Assume the first payment is made 5.00 years from today and the interest rate is 14.00%. Answer format: Currency: Round to: 2 decimal places

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