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 17.24% paid annually and that matures in 8 years? (Assume a required rate of return on the bond is 13.53 percent.)

Round 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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