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What would be the value of this bond if it paid interest

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Reference no: EM132093488

A bond that matures in 16 years has a $1000 par value. The annual coupon interest rate is 7 percent and the market's required yield to maturity on a comparable risk-bond is 13 percent. What would be the value of this bond if it paid interest annually? What about semiannually?

Reference no: EM132093488

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