What is the value of the bond

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Reference no: EM131045659

Shelly Inc. bonds have a coupon rate of 9 percent. the interest rate is paid semiannually, and the bonds mature in 6 years. their par value is $1000. If your required rate of return is 8 percent, what is the value of the bond? What is the value if the interest is paid annually?

Reference no: EM131045659

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