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Calculate the value of a bond that matures in 13 years and

Question - Calculate the value of a bond that matures in 13 years and has a $1,000 par value. The annual coupon interest rate is 15 percent and the? market's required yield to maturity on a? comparable-risk bond is 12 percent.

The value of the bond is ?__________. ? (Round to the nearest? cent.)

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Accounting Basics: Calculate the value of a bond that matures in 13 years and

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Accounting Basics: Calculate the value of a bond that matures in 13 years and

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