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(Bond valuation) A bond that matures in years has a1,000 $ par value. The annual coupon interest rate is 8 percent and themarket's required yield
(Bond valuation) A bond that matures in years has a1,000 $ par value. The annual coupon interest rate is 8 percent and themarket'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? A- The value of this bond if it paid interest annually would be $______ nothing. (Round to the nearest cent.)
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