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Required yield to maturity on a? comparable-risk

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Reference no: EM131784802

Calculate the value of a bond that matures in 14 years and has a $1,000 par value. The annual coupon interest rate is 9 percent and the? market's required yield to maturity on a? comparable-risk bond is 13 percent. Round to the nearest cent.

Reference no: EM131784802

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