aleashastewart1998 aleashastewart1998

17-01-2024
Mathematics

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A bond that matures in 12 years has a $1000 par value. The annual coupon interest rate is 9 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?

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