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Question 18 (1 point) What is the value of a bond that has a par value of $1,000, a coupon rate of 11.27 percent (paid

Question 18 (1 point) What is the value of a bond that has a par value of $1,000, a coupon rate of 11.27 percent (paid annually), and that matures in 23 years? Assume a required rate of return on this bond is 12.43 percent. Round the answer to two decimal places. Your

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