A bond that matures in
14
years has a
$1,000
par value. The annual coupon interest rate is
12
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?
Question content area bottom
Part 1
a. The value of this bond if it paid interest annually would
be
$enter your response here.
(Round to the nearest cent.)
A bond that matures in 14 years has a $1,000 par value. The annual coupon interest rate is 12 percent and the market's
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answerhappygod
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