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Bond valuation ?) Calculate the value of a bond that will mature in 17 years and has a 1,000 face value. The annual coupon interest
Bond valuation?)
Calculate the value of a bond that will mature in
17 years and has a 1,000
face value. The annual coupon interest rate is
13 percent, and the? investor's required rate of return is
14
percent.
The value of the bond is
?$.
? (Round to the nearest? cent.)
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