What is the value of a $1000 bond if the investors' required rate of return is 9.4%,
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What is the value of a $1000 bond if the investors' required rate of return is 9.4%, and it has 11 years until maturity? The coupon interest rate is 8%, and is paid semi-annually. (Please round your answer to the nearest dollar but exclude the $ and comma signs when typing your answer. For example, $1,200.00 should be written as 1200).
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