(Bond valuation) A bond that matures in 13 years has a $1,000 par value. The...
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Bond valuation A bond that matures in years has a $ par value. The annual coupon interest rate is percent and the market's required yield to maturity on a comparablerisk bond is 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?
a The value of this bond if it paid interest annually would be $ Round to the nearest cent
b The value of this bond if it paid interest semiannually would be $Round to the nearest cent.
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