A bond that matures in 8 years has a 1000 par value the, Ask an Expert

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A bond that matures in 8 years has a ?$1,000 par value. The annual coupon interest rate is 13 percent and the? market's required yield to maturity on a? comparable-risk bond is 14 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. What would be the value of this bond if it paid interest? semiannually? $________(Round to the nearest cent.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92815217

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