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Homework answers / question archive / Calculate the value of a bond that matures in 19 years and has a $ 1,000 par value
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?
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