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Calculate the value of a bond that matures in 19 years and has a $ 1,000 par value

Finance

Calculate the value of a bond that matures in

19 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

9 percent.

 

The value of the bond is how much?

Option 1

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