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Calculate the value of a bond that matures in 1 4 years and has a $ 1 comma 0 0 0 par value. The annual

Calculate the value of a bond that matures in 14 years and has a $ 1 comma 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 9 percent.

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