Calculate the value of a bond that matures in 11 years

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Calculate the value of a bond that matures in 11 years and has a $1,000 par value. The annual coupon interest rate is 15 percent and the? market's required yield to maturity on a? comparable-risk bond is 11 percent.

The value of the Bond is? (Round to nearest cent)

Reference no: EM132668266

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