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Calculate the value of a bond that matures

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Reference no: EM131609361

Calculate the value of a bond that matures in 20 years and has a $ 1 000 face value. The bond pays an annual interest and the coupon rate is 14% and the? market's required yield to maturity on a? comparable-risk bond is 13%.

The value of the bond is $_________

Round to the nearest dollar

Reference no: EM131609361

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