A bond that matures in 14 years has a $1,000 par value. The annual coupon interest rate is 11 percent and the market's required yield to maturity on a comparable-risk bond is 16 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? Part 1 a.The value of this bond if it paid interest annually would be $ . (Round to the nearest cent.) Part 2 b.The value of this bond if it paid interest semiannually would be $ . (Round to the nearest cent.)

Abner Corporation's bonds mature in 18 years and pay 13 percent interest annually. If you purchase the bonds for $1,175, what is your yield to maturity?

Your yield to maturity on the Abner bonds is %. (Round to two decimal places.)