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A bond that matures in 1 3 years has a $ 1 , 0 0 0 par value. The annual coupon interest rate is 1

A bond that matures in

13

years has a $

1, 000

par value. The annual coupon interest rate is

13

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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