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A bond that matures in 17 years has a $ 1000 par value. The annual coupon interest rate is 11 percent and themarket's required yield

A bond that matures in 17 years has a $1000 par value. The annual coupon interest rate is 11 percent and themarket's required yield to maturity on acomparable-risk bond is 13 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?

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