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(Related to Checkpoint 9.3) (Bond valuation) Calculate the value of a bond that matures in 16 years and has a $1,000 par value. The annual

(Related to Checkpoint 9.3) (Bond valuation) Calculate the value of a bond that matures in 16 years and has a $1,000 par value. The annual coupon interest rate is 12 percent and the market's required yield to maturity on a comparable-risk bond is 9 percent The value of the bond is $-1249 38 (Round to the nearest cent.) E
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(Related to Checkpoint 9.3) (Bond valuation) Cakcuske the value of a bond that matures in 16 years and has a 51,000 por value The annual coupon interest rate is 12 perceot and the makkers required yeid to maturify on a comparable-nsk bond is 9 percont The value of the bond is 1 (Round to the noartest cemt)

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