(Answered) A bond that matures in 15years has a 1000par value the

Management Studies

A bond that matures in 15years has a ?$1,000par value. The annual coupon interest rate is 13percent and the? market's required yield to maturity on a? comparable-risk bond is 15 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?

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