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eBook Problem Walk-Through An investor has two bonds in his portfolio that have a face value of $1,000 and pay an 11% annual coupon. Bond

eBook Problem Walk-Through An investor has two bonds in his portfolio that have a face value of $1,000 and pay an 11% annual coupon. Bond L matures in 13 years, while Bond S matures in 1 year. What will the value of the Bond L be if the going interest rate is 6%, 8%, and 12%? Assume that only one more interest payment is to be made on Bond S at its maturity and that 13 more payments are to be made on Bond L. Round your answers to the nearest cent.

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