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


What is the value of the bond that has a par value of $1000, a coupon rate of 10.24 percent paid annually, and that matures in 19 years? Assume a required rate of return on the bond for 10.64 percent. Round answer to two decimal places.

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