studdyykidd1022 studdyykidd1022
  • 11-04-2024
  • Business
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What is the value of a bond that has a par value of $1,000, a coupon rate of 7.69 percent (paid annually), and that matures in 26 years? Assume a required rate of return on this bond is 9.34 percent.Round the answer to two decimal places.

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