Please show equations used. If financial calculator is used, please give explanation on how it's used.

#3 Assume a par value of $1,000. Caspian Sea plans to issue a 5.00 year, annual pay bond that has a coupon rate of 8.00%. If the yield to maturity for the bond is 8.11%, what will the price of the bond be? Submit unanswered not_submitted Attempts Remaining: Infinity Answer format: Currency: Round to: 2 decimal places