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PLEASE HELP!!!! calculate the value of a bond that matures in 15 years and has a $1000 par value. The annual coupon interest rate is

PLEASE HELP!!!!

calculate the value of a bond that matures in 15 years and has a $1000 par value. The annual coupon interest rate is 16% in the markets required yield to maturity on comparable risk bond is 9%.

The value of the bond is $ ____. Round to the nearest cent.

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