What would be value of bond if it paid interest annually

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(Bond valuation). A bond that matures in 20 years has a $1000 par value. The annual coupon interest rate is 11% and the market's require yoeld to maturity on a comparable-risk bond is 17%. What would be the value of this bond if it paid interest annually? What would be the value of this bond if you paid interest semiannually?

The value of this bond if it paid interest annually would be $______.

The value of this bond if it paid interest semiannually would be $______.

Reference no: EM131868132

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