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uestion 2, P9-3 (similar to) 20 points Points: 0 of 1 (Related to Checkpoint 9.3) (Bond valuation) Calculate the value of a bond that

uestion 2, P9-3 (similar to) 20 points Points: 0 of 1 (Related to Checkpoint 9.3) (Bond valuation) Calculate the value of a bond that matures in 13 years and has a $1,000 par value. The annual coupon interest rate is 11 percent and the market's required yield to maturity on a comparable-risk bond is 15 pe The value of the bond is $ (Round to the nearest cent.)

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