Maturity on a? comparable-risk bond

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A bond that matures in8years has a?$1,000par value. The annual coupon interest rate is 8 percent and the? market's required yield to maturity on a? comparable-risk bond is 16 percent. What would be the value of this bond if it paid interest? annually? What would be the value of this bond if it paid interest? semiannually?

Reference no: EM133055884

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