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MUITIEWUIK Score: 0 of 1 pt 1 of 7 (0 complete) HW Score: 0... P9-3 (similar to) Question Help (Related to Checkpoint 9.3) (Bond valuation)

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MUITIEWUIK Score: 0 of 1 pt 1 of 7 (0 complete) HW Score: 0... P9-3 (similar to) Question Help (Related to Checkpoint 9.3) (Bond valuation) Calculate the value of a bond that matures in 13 years and has a $1,000 par value. The annual coupon interest rate is 13 percent and the market's required yield to maturity on a comparable-risk bond is 8 percent. The value of the bond is $ (Round to the nearest cent.)

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