What is the value of a bond that has a par value of 1000 a


What is the value of a bond that has a par value of $1000, a coupon rate of 8.26% paid annually and that matures in 30 years? Assume a required rate of return on this bond is 8.65%. Round the answer to two decimal places.

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Financial Management: What is the value of a bond that has a par value of 1000 a
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