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(Relatest to Checkpoint 93]) (Bond valuation) Calculate the value of a bond that matures in 19 years and has a $1,000 par value. The annual

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(Relatest to Checkpoint 93]) (Bond valuation) Calculate the value of a bond that matures in 19 years and has a $1,000 par value. The annual coupen interest nate is 9 percent and the marker's required yleld to muturly on a coenporable-tisk bond is 13 percent The value of the bond is 3 (Round to the nearest cent.)

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