Question: Homework: Chapter 6 Interest Rates and Bond Valuation Save Score: 0 of 3 pts 4 of 14 (4 complete) v HW Score: 19.21%, 19.21 of

Homework: Chapter 6 Interest Rates and Bond Valuation Save Score: 0

Homework: Chapter 6 Interest Rates and Bond Valuation Save Score: 0 of 3 pts 4 of 14 (4 complete) v HW Score: 19.21%, 19.21 of 100 pts Warm-Up 6-7 (similar to) Question Help A bond with 13 years to maturity and a coupon rate of 13% has a par, or face, value of $21,000. Interest is paid annually. If you require a return of 7% on this bond, what is the price of the bond? The value of the bond is $ . (Round to the nearest cent.)

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