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mm2 13 Assume a par value of $1,000. Caspian Sea plans to issue a 13.00 year, annual pay bond that has a coupon rate of

mm2 13

Assume a par value of $1,000. Caspian Sea plans to issue a 13.00 year, annual pay bond that has a coupon rate of 8.00%. If the yield to maturity for the bond is 8.0%, what will the price of the bond be?

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