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P9-3 (similar to) Related to Checkpoint 9.3) (Bond valuation) Calculate the value of a bond that matures in 12 years and has a $1,000 par

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P9-3 (similar to) Related to Checkpoint 9.3) (Bond valuation) Calculate the value of a bond that matures in 12 years and has a $1,000 par value The annual coupon interest rate is 15 percent and the market's required yield to maturity on a comparable-risk band is 8 percent The value of the bond is Round to the neerest cent.) required yield t

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