Question content area top

Part $1$

Bond valuationlong dash$$Annual interest$$Calculate the value of the bond shown in the following$$ table, assuming it pays interest annually. $($Click on the icon here in order to copy the contents of the data table below into a$$ spreadsheet.$)$

Par value: $$100$

Coupon interest rate:$13\%$

Years to maturity: $9$

Required return: $14\%$

Question:

The value of the bond is $$$ $?($Round to the nearest$$ cent.$)$