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(Bond valuation) Calculate the value of a bond that will mature in 18 years and has a $1,000 face value. The annual coupon interest rate

(Bond valuation)

Calculate the value of a bond that will mature in 18 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 12 percent.

The value of the bond is? show calculations

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