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What would be the value of the bond

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Problem 1: A bond that matures in 8 years has a ?$1,000 par value. The annual coupon interest rate is 8 percent and the? market's required yield to maturity on a? comparable-risk bond is 18 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: EM132808101

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