Question: ( Related to Checkpoint 9 . 3 ) ( Bond valuation ) Calculate the value of a bond that matures in 1 7 years and

(Related to Checkpoint 9.3)(Bond valuation) Calculate the value of a bond that matures in 17 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 14 percent.
The value of the bond is $.(Round to the nearest cent.)
(Related to Checkpoint 9.3)(Bond valuation) Calculate the value of a bond

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