Everyone (including the characters in the books) seems to assume that the prophecy "his blood on the rocks of Shayoul Ghul, the price that must be paid" means that Rand will die. That is not the exact meaning. I see this prophecy as saying that Rand will be bled and a price will be paid. It does not say that he will die. Perhaps in defeating the Dark One Rand ends up being trapped in the Dark One's prison. Seems like a pretty hard price to me.
Of course, this theory is completely shot by the fact that Egwene dreams Rand will die, and Min foresees it with her talent. But as always, these are very cryptic and could mean something else.
wotmania says: Rand is not going to die after fighting Tarmon Gai’don. He might bleed, but he will not die. At least not for good...
Easing The Badger
former Akutenshi member
Organizer of TRACS 
member of the Trigger fan club
Trigger fears:
I'm aliena's jig-dancing partner
jealous? 
If I'm here, consider yourself blessed by my presence
Poor Rand