What is the value of a bond that has a par value of $1,000 a coupon rate

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What is the value of a bond that has a par value of $1,000 a coupon rate of 8.26 percent (paid annually), and that matures in 30 years? Assume a required rate of return on this bond is 8.65 percent.

Round the answer to two decimal places.

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Posted Date: May 17, 2024 08:03 PM

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What is the value of a bond that has a par value of $1,000 a coupon rate

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