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Please answer the following questions including steps: Assume a par value of $1,000. Caspian Sea plans to issue a 5.00 year, semi-annual pay bond that
Please answer the following questions including steps:
Assume a par value of $1,000. Caspian Sea plans to issue a 5.00 year, semi-annual pay bond that has a coupon rate of 8.07%. If the yield to maturity for the bond is 7.72%, what will the price of the bond be? Submit Answer format: Currency: Round to: 2 decimal places. Assume a par value of $1,000. Caspian Sea plans to issue a 13.00 year, semi-annual pay bond that has a coupon rate of 7.90%. If the yield to maturity for the bond is 8.28%, what will the price of the bond be? Submit Answer format: Currency: Round to: 2 decimal places. Assume a par value of $1,000. Caspian Sea plans to issue a 12.00 year, semi-annual pay bond that has a coupon rate of 7.00%. If the yield to maturity for the bond is 7.0%, what will the price of the bond be? Submit Answer format: Currency: Round to: 2 decimal places. All else constant, if the yield to maturity of a bond increases, the the value of the bond a, increases b. decreases c. remains the same d. not enough information To answer enter a, b, c, ord Submit Answer format: Text If the yield to maturity and the coupon rate are the same, then the bond should sell for a. a premium b. a discount c. par value To answer enter a, b, or CStep by Step Solution
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