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A bond that matures in 11 years has a $1000 par value. The annual coupon interest rate 13% and the markets required yield to maturity
A bond that matures in 11 years has a $1000 par value. The annual coupon interest rate 13% and the markets required yield to maturity on a comparabke risk bond is 17%. a) What would be the value of this bond if it paid interest annually? b) what would be the value of this bond if it paid the interest semiannually?
A bond that matures in 11 years has a $1000 par value. The annual coupon interest rate 13% and the markets required yield to maturity on a comparabke risk bond is 17%.
a) What would be the value of this bond if it paid interest annually?
b) what would be the value of this bond if it paid the interest semiannually?
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