Calculate the value of a bond that matures in 17 years and has a $1000 par value. The annual coupon interest rate is 12 yield to maturity on a comparable-risk bond is 11 percent. The value of the bond is: $ (Round to the nearest cent)percent and the market's required

Homework: Homework 5 Save Score: 0 of 10 pts 1 of 12 (0 complete) HW Score: 0%, 0 of 120 pts P9-3 (similar to) : Question Help (Related to Checkpoint 9.3) (Bond valuation) Calculate the value of a bond that matures in 17 years and has a $1,000 par value. The annual coupon interest rate is 12 percent and the market's required yield to maturity on a comparable-risk bond is 11 percent. The value of the bond is $ (Round to the nearest cent.)