1. Assume a par value of $1,000. Caspian Sea plans to issue a 8.00 year, semi-annual pay bond that has a coupon rate of 8.07%. If the yield to maturity for the bond is 7.64%, what will the price of the bond be?

2.Assume a par value of $1,000. Caspian Sea plans to issue a 15.56 year, semi-annual pay bond that has a coupon rate of 7.88%. If the yield to maturity for the bond is 8.24%, what will the price of the bond be?

Answer rating: 100% (QA)

To calculate the price of a bond you can use the present value formula for bonds which is the presen... View the full answer