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Assume a par value of $1,000. Caspian Sea plans to issue a 18.00 year, semi-annual pay bond that has a coupon rate of 8.08%. If

Assume a par value of $1,000. Caspian Sea plans to issue a 18.00 year, semi-annual pay bond that has a coupon rate of 8.08%. If the yield to maturity for the bond is 7.72%, what will the price of the bond be?

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

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