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A bond that matures in 1 9 years has a $ 1 0 0 0 par value. The annual coupon interest rate is 1 1

A bond that matures in 19 years has a $1000 par value. The annual coupon interest rate is 11% and the market's required yield to maturity on a comparable-risk bond is 13%. 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? a.The value of this bond if it paid interest annually would be $ .(Round to the nearest cent.)

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