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1. Assume a par value of $1,000. Caspian Sea plans to issue a 11.00 year, semi-annual...

1. Assume a par value of $1,000. Caspian Sea plans to issue a 11.00 year, semi-annual pay bond that has a coupon rate of 8.15%. If the yield to maturity for the bond is 7.61%, what will the price of the bond be?

2. A zero-coupon discount bond trades today at $600.00. The bond will mature in 5.00 years from today at a redemption value of $1,000.00. What yield to maturity will an investor receive if they purchase today?

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