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Please help answer below, to nearest cent, and if possible explain. Calculate the value of a bond that matures in 17 years and has a

Please help answer below, to nearest cent, and if possible explain.

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Calculate the value of a bond that matures in 17 years and has a exist1,000 par value. The annual coupon interest rate is 15 percent and the market's required yield to maturity on a comparable-risk bond is 14 percent. The value of the bond is exist (Round to the nearest cent.)

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