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show work, not excel #8 Assume a par value of $1,000. Caspian Sea plans to issue a 6.00 year, semi-annual pay bond that has a

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#8 Assume a par value of $1,000. Caspian Sea plans to issue a 6.00 year, semi-annual pay bond that has a coupon rate of 7.83%. If the yield to maturity for the bond is 8.22%, what will the price of the bond be? Submit Answer format: Currency: Round to: 2 decimal places

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