C Checkpoint 9.3: Check Yourself Consider a $1,000 par value bond issued by AT&T (T) with a maturity date of 2026 and a stated coupon rate of 8.5%. On January 1, 2007, the bond had 20 years left to maturity. If the market's required yield to maturity on a comparable risk bond is 9%, what is the value of the bond? iskum 004 D D 9-20

Checkpoint 9.3: Check Yourself - Consider a $1,000 par value bond issued by AT\&T (T) with a maturity date of 2026 and a stated coupon rate of 8.5%. - On January 1, 2007, the bond had 20 years left to maturity. - If the market's required yield to maturity on a comparable risk bond is 9%, what is the value of the bond? Checkpoint 9.3: Check Yourself - Consider a $1,000 par value bond issued by AT\&T (T) with a maturity date of 2026 and a stated coupon rate of 8.5%. - On January 1, 2007, the bond had 20 years left to maturity. - If the market's required yield to maturity on a comparable risk bond is 9%, what is the value of the bond