(Answered) Calculate the value of a bond that matures in 20 years and

Management Studies

Calculate the value of a bond that matures in 20 years and has a $ 1 000 face value. The bond pays an annual interest and the coupon rate is 14% and the? market's required yield to maturity on a? comparable-risk bond is 13%.

The value of the bond is $_________

Round to the nearest dollar

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