Moana is looking to invest in a corporate bond that has a par value (face...
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Accounting
Moana is looking to invest in a corporate bond that has a par value (face value) of $1000 bond. The bond has 9 years until maturity and pays a coupon rate of 11%. If Moana's required rate of return on the bond is 14%, what price should Moana pay for the bond? (Please round your answer to the nearest dollar but exclude the $ sign when typing your answer.)
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