(Answered) A bond that matures innbsp17nbspyears has a 1000nbsppar

Engineering

A bond that matures in 17 years has a ?1,000 par value. The annual coupon interest rate is 11 percent 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? Round to the nearest cent.

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