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(Bond valuation) A bond that matures in 15 years has a $1,000 par value. The annual coupon interest rate is 8 percent and themarket's required

(Bond valuation) A bond that matures in 15 years has a $1,000 par value. The annual coupon interest rate is 8 percent and themarket's required yield to maturity on acomparable-risk bond is 17 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?

Round to the Nearest Cent

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