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Please help #1 Assume a par value of $1,000. Caspian Sea plans to issue a 22.00 year, annual pay bond that has a coupon rate

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#1 Assume a par value of $1,000. Caspian Sea plans to issue a 22.00 year, annual pay bond that has a coupon rate of 16.00%. If the yield to maturity for the bond is 16.0%, what will the price of the bond be? Submit Answer format: Currency: Round to: 2 decimal places. unanswered not submitted Attempts Remaining: Infinity

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