Assume a par value of $1,000. Caspian Sea plans to issue a 17.00 year, annual pay bond that has a coupon rate of 7.91%. If the yield to maturity for the bond is 8.39%, what will the price of the bond be?

What is the value today of a money machine that will pay $2,560.00 per year for 24.00 years? Assume the first payment is made 5.00 years from today and the interest rate is 7.00%.