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Calculate the value of a bond that matures in 14 years and has a $1.000 par value. The annual coupon interest rate is 8 percent

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Calculate the value of a bond that matures in 14 years and has a $1.000 par value. The annual coupon interest rate is 8 percent and the manors required yeld to maturity on a comparable tik bond is 13 percent arest Cont) (Related to Checkpoint 9.3) (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 in 8 perce The value of the bond in $. (Round to the nearest cent)

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