A bond with 9 years to maturity and a coupon rate of ​7% has a​ par, or​ face, value of ​$19,000. Interest is paid annua

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answerhappygod
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A bond with 9 years to maturity and a coupon rate of ​7% has a​ par, or​ face, value of ​$19,000. Interest is paid annua

Post by answerhappygod »

A bond with 9 years to maturity and a coupon rate of ​7% has a​
par, or​ face, value of ​$19,000. Interest is paid annually. If you
require a return of 11​% on this​ bond, what is the price of the​
bond?
The value of the bond is: ​(Round to the
nearest​ cent.)
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