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The value of the bond is $ (Round to the nearest cent.) (Related to Checkpoint 93) (Bond valuation) Calculate the value of a bond that
(Related to Checkpoint 93) (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 14 percent and the market's required yield to maturity on a comparable-risk bond is 13 percent. The value of the bond is (Round to the nearest cent)
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Principles Of Finance With Excel
Authors: Simon Benninga
2nd Edition
0199755477, 9780199755479
