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Question 18 6 pts What is the value of the bond? The par value is $1,000. The yield-to-maturity is 7.8%. The coupon rate is

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Question 18 6 pts What is the value of the bond? The par value is $1,000. The yield-to-maturity is 7.8%. The coupon rate is 9% and is paid annually. The bond has 23 years left until maturity. (provide your answer rounded to the nearest dollar, e.g., $42.37 should be entered as 42)

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