Assume a par value of $1,000. Caspian Sea plans to issue a 10.00 year, annual pay bond that has a coupon rate of 8.12%. If the yield to maturity for the bond is 7.58%, what will the price of the bond be?

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#3

Assume a par value of $1,000. Caspian Sea plans to issue a 12.00 year, annual pay bond that has a coupon rate of 7.96%. If the yield to maturity for the bond is 8.48%, what will the price of the bond be?

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#4

What is the value today of a money machine that will pay $2,452.00 per year for 15.00 years? Assume the first payment is made 2.00 years from today and the interest rate is 6.00%.

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