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Question 9 (1 point) What is the value of a bond that has a par value of $1,000, a coupon rate of 17.24 percent (paid

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Question 9 (1 point) What is the value of a bond that has a par value of $1,000, a coupon rate of 17.24 percent (paid annually), and that matures in 8 years? Assume a required rate of return on this bond is 13.53 percent. Round the answer to two decimal places. All the work has to be shown

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