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( Related to Checkpoint 9 . 3 ) ( Bond valuation ) Calculate the value of a bond that matures in 1 7 years and
Related to Checkpoint Bond valuation Calculate the value of a bond that matures in years and has a $ par value. The annual coupon interest rate is percent and the market's required yield to maturity on a comparablerisk bond is percent.
The value of the bond is $Round to the nearest cent.
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