What would be the value of bond

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A bond that matures in11 years has a ?$1,000 par value. The annual coupon interest rate is11 percent and the? market's required yield to maturity on a? comparable-risk bond is 13 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: EM131981614

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