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the entire procedure please Assume a par value of $1,000. Caspian Sea plans to issue a 5.00 year, annual pay bond that has a coupon
the entire procedure please
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 7.98%. If the yield to maturity for the bond is 8.14%, what will the price of the bond be? Answer format: Currency: Round to: 2 decimal placesStep by Step Solution
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