Question: Question 9 12 pts Consider a $1,000 par value bond with a 9 percent annual coupon. The bond pays interest annually. There are 15 years

Question 9 12 pts Consider a $1,000 par value bond with

Question 9 12 pts Consider a $1,000 par value bond with a 9 percent annual coupon. The bond pays interest annually. There are 15 years remaining until maturity. What is the market price of the bond assuming that the discount rate is 9 percent

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