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: 0%, 0 of 50 points O Points: 0 of 4 Save (Related to Checkpoint 9.3) (Bond valuation) Calculate the value of a bond that

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: 0%, 0 of 50 points O Points: 0 of 4 Save (Related to Checkpoint 9.3) (Bond valuation) Calculate the value of a bond that matures in 14 years and has a $1,000 par value. The annual coupon interest rate is 11 V percent and the market's required yield to maturity on a comparable-risk bond is 12 percent The value of the bond is $ . (Round to the nearest cent.) ar to)

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