Calculate the value of a bond that matures in 12 years and


(Bond Valuation)

Calculate the value of a bond that matures in 12 years and has a $1,000. par value. The annual coupon interest rate is 13% and the market's required yield to maturity on a comparable-risk bond is 12%.

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Finance Basics: Calculate the value of a bond that matures in 12 years and
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