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Please show all work. Assume a par value of $1,000. Caspian Sea plans to issue a 16.00 year, annual pay bond that has a coupon

Please show all work.

Assume a par value of $1,000. Caspian Sea plans to issue a 16.00 year, annual pay bond that has a coupon rate of 8.05%. If the yield to maturity for the bond is 7.76%, what will the price of the bond be?

Assume a par value of $1,000. Caspian Sea plans to issue a 20.00 year, annual pay bond that has a coupon rate of 7.85%. If the yield to maturity for the bond is 8.37%, what will the price of the bond be?

Assume a par value of $1,000. Caspian Sea plans to issue a 25.00 year, annual pay bond that has a coupon rate of 11.00%. If the yield to maturity for the bond is 11.0%, what will the price of the bond be?

Answer format: Currency: Round to: 2 decimal places.

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