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A bond that matures in 1 1 years has a $ 1 , 0 0 0 par value. the annual coupon rate is 1 1

A bond that matures in

11

years has a $

1, 000

par value. the annual coupon rate is

11 %

and the markets required yield to maturity on a comparable

-

risk bond is

14 % .

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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