What is the value of the bond

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Finance Question - Bond valuation

Hamilton, Inc. bonds have a coupon rate of 14 percent. The interest is paid semiannually, and the bonds mature in 8 years. Their par value is $1,000. If your required rate of return is 13 percent, what is the value of the bond? What is the value if the interest is paid annually?

Reference no: EM132328613

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