What is its value if the interest is paid annually

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Reference no: EM131571980

Enterprise, Inc. bonds have an annual coupon rate of 99 percent. The interest is paid semiannually and the bonds mature in 1010 years. Their par value is $1 comma 0001,000. If the market's required yield to maturity on a comparable-risk bond is 88 percent, what is the value of the bond? What is its value if the interest is paid annually?

Reference no: EM131571980

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