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( Bond valuation ) Calculate the value of a bond that matures in 1 2 years and has a $ 1 0 0 0 par

(Bond valuation)Calculate the value of a bond that matures in 12 years and has a $ 1000 par value. The annual coupon interest rate is 15 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.)

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