A bond that matures in 1 7 years has a $ 1 ,000 par value. The annual
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Question:
A bond that matures in 17 years has a $1,000 par value. The annual coupon interest rate is 12 percent and themarket's required yield to maturity on acomparable-risk bond is 17 percent.
What would be the value of this bond if it paid interestannually?
What would be the value of this bond if it paid interestsemiannually?
Expert Answer:
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