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You have the opportunity to purchase a 16-year, $1,000 par value bond that has an...

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Accounting

You have the opportunity to purchase a 16-year, $1,000 par value bond that has an annual coupon rate of 8%. If you require a YTM of 9.3%, how much is the bond worth to you? Question content area bottom Part 1 The price of the bond is $enter your response here.

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