Question (bond valuation) calculate the value of a bond that will mature in 14 years and has a $ 1,000 face value. the annual coupon interest rate is 9 percent, and the investor's required rate of return is 15 percent. the value of the bond is $ . (round to the nearest cent.)

i am not sure :

step-by-step explanation:

answer: 40392

step-by-step explanation:

10098 x 4 = 40392

step-by-step explanation:

the ratio of red paint to blue paint is always 9/7. that means that, whatever x's value, (4x+12)/(4x-4) has that same ratio. so, set up an equation and cross-multiply to solve for x:

9/7 = (4x+12)/(4x-4)

9(4x-4) = 7(4x+12)

36x - 36 = 28x + 84

8x - 36 = 84

8x = 120

x = 15

there are no multiple choices