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Posted on Aug 30, 2024

A bond with 7 years to maturity and a coupon rate of 6% has a par, or face, value of $18,000. Interest is paid annually.

A bond with 7 years to maturity and a coupon rate of 6% has a par, or face, value of

$18,000. Interest is paid annually. If you require a return of 14% on this bond, what is the price of the bond?

The value of the bond is $_______

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