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A bond that matures in 1 7 years has $ 1 0 0 0 par value. The annual coupon interest rate is 8 % and

A bond that matures in $17$ years has $ $1000$ par value. The annual coupon interest rate is $8 %$ and the markets required yield to maturity on a comparable risk bond is $15$ 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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