2)<\/p>
(Bond valuation) <\/strong>Calculate the value of a bond that matures in 18 years and has a $1,000 par value. The annual coupon interest rate is 16 percent and the market's required yield to maturity on a comparable-risk bond is 15 percent.<\/p> <\/p> The value of the bond is:<\/strong><\/p> (Round to the nearest cent.)<\/p> <\/p>",
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"related_book": {
"title": "The Changing Geography Of Banking And Finance",
"isbn": "1441947205, 978-1441947208",
"edition": "1st Edition",
"authors": "Pietro Alessandrini ,Michele Fratianni ,Alberto Zazzaro",
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"see_more_uri": "\/textbooks\/business-data-science-3384"
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