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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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