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Calculate the value of a bond that matures in 17 years and has a $ 1 comma 000 par value. The annual coupon interest rate

Calculate the value of a bond that matures in

years and has a

$ 1 comma 000

par value. The annual coupon interest rate is

percent and the market's required yield to maturity on a comparable-risk bond is

percent

The value of the bond is

$nothing

(Round to the nearest cent.)

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