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3.-Related to Checkpoint 9.3) (Bond valuation)Calculate the value of a bond that matures in 15 years and has a $ 1 comma 000 par value.

3.-Related to Checkpoint 9.3) (Bond valuation)Calculate the value of a bond that matures in 15 years and has a $ 1 comma 000 par value. The annual coupon interest rate is 15 percent and the market's required yield to maturity on a comparable-risk bond is 11 percent. Question content area bottom Part 1 The value of the bond is $enter your response here . (Round to the nearest cent)

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