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(Related to Checkpoint 9.3 ) (Bond valuation) Calculate the value of a bond that matures in 14 years and has a $1,000 par value. The

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(Related to Checkpoint 9.3 ) (Bond valuation) Calculate the value of a bond that matures in 14 years and has a $1,000 par value. The annual coupon interest rate is 8 percent and the markers required yiold to maturity on a comparable-risk bond is 13 percent. The value of the bond is $ (Roand to the nearest cent.)

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