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What would be the value of bond if paid interest? annually

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Problem 1: A bond that matures in 17 years has a ?$1,000 par value. The annual coupon interest rate is 14 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: EM132769264

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