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( Bond valuation ) A bond that matures in 1 2 years has a $ 1 comma 0 0 0 par value. The annual coupon

(Bond valuation) A bond that matures in 12 years has a $1 comma 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 15 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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