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A bond that matures in 17 years has a $1 000 par value. The annual coupon interest rate is 14 percent and the market's required
A bond that matures in 17 years has a $1 000 par value. The annual coupon interest rate is 14 percent and the market's required yield to maturity on a comparable-risk bond is 17 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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