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Homework: 7-1 MyFinanceLab Assignment Save Score: 0 of 4 pts 2 of 12 (2 completely HW Score: 0%, 0 of 50 pts X P9-3 (similar

Homework: 7-1 MyFinanceLab Assignment Save Score: 0 of 4 pts 2 of 12 (2 completely HW Score: 0%, 0 of 50 pts X P9-3 (similar to) Question Help (Related to Checkpoint 9.3) (Bond valuation) Calculate the value of a bond that matures in 15 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 band is 11 percent The value of the bond is $. (Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer All parts showing Clour Al

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