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Calculate the value of a bond that matures in 1 1 years and has a $ 1 , 0 0 0 par value. the annual

Calculate the value of a bond that matures in

11

years and has a $

1, 000

par value. the annual coupon interest is

13

percent and the markets required yield to maturity on a comparable

-

risk bond is

15

percent. What is the value of the bond?

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