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(Related to Checkpoint 9.3) (Bond valuation) Colculate the value of a bond that matures in 11 years and has a 51,000 par value. The annual

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(Related to Checkpoint 9.3) (Bond valuation) Colculate the value of a bond that matures in 11 years and has a 51,000 par value. The annual coupon interest rate is 13 percent and the markers required yeld to maturity on a comparable-risk bond is 15 percent. The value of the bond is s (Round to the nearest cent)

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