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All rates are quoted as annual rates and have compounding as specified. 1) Johnnies Inc. has just issued a bond that has a par value

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All rates are quoted as annual rates and have compounding as specified. 1) Johnnies Inc. has just issued a bond that has a par value of $1,000 and pays a 8% coupon rate annually. If the bond matures in 10 years what is the value of the bond today if the yield to maturity on the bond is 7.5% ? Answer = 2) What would be the value of the Johnnies Inc bond if the coupon payments were made semiannually, instead of annually? Answer =

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