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21/08/2020 Client: happyw Deadline: 3 days

 


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


The value of the bond is ​$_________. ​ (Round to the nearest​ cent.)

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6 writers have sent their proposals to do this homework:

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Peter O.

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