(Bond valuation) Calculate the value of a bond that matures in 14 years and has a $1,000 par value. The annual coupon interest rate is 12 percent and the market's required yield to maturity on a comparable-risk

bond is 11 percent.

The value of the bond is $|. (Round to the nearest cent.)

Related to Checkpole 9.3) (Bond Valuation) Calculate the value of a bond that maturus 4 years and has a $1,000 par vetur. The coupon interest rate is 13 percent and the market's required field to maturity on a comparable-risk bond is percon The value of the bond is found to the nearest cont.)