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(Reiated to Checkpeint 9.3) (Bond valuation) Calculate the value of a bond that matures in 11 years and has a 11,000 par value. The annual

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(Reiated to Checkpeint 9.3) (Bond valuation) Calculate the value of a bond that matures in 11 years and has a 11,000 par value. The annual coupon interest rate is to percent and the marker. required yieid to maturity on a consharable-risk bond is 11 percont. The value of the bond is ? (Round to the neareat cent.)

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