Question: Question 15 5 pts Micron issues a 3 58% coupon bond with a maturity of 12 years which makes monthly interest payments. The face value

 Question 15 5 pts Micron issues a 3 58% coupon bond

Question 15 5 pts Micron issues a 3 58% coupon bond with a maturity of 12 years which makes monthly interest payments. The face value of the bond, payable at maturity, $1.000. What is the value of this bond if your required rate of retumis 6.88% Please enter your answer to the nearest cent

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