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Save Homework: Chapter 9 Homework HW Score: 0%, 0 of 16 pts Score: 0 of 1 pt 1 of 7 to complete) P9-3 (similar to)

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Save Homework: Chapter 9 Homework HW Score: 0%, 0 of 16 pts Score: 0 of 1 pt 1 of 7 to complete) P9-3 (similar to) Question Help (Related to Checkpoint 9.3) (Bond valuation) Calculate the value of a bond that matures in 12 years and has a $1,000 par value. The annual coupon interest rate is 9 percent and the market's required yield to maturity on a comparable-risk bond is 12 percent The value of the bond is 5 (Round to the nearest cent)

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