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(Bondvaluation)Hamilton, Inc. bonds have a coupon rate of 11 percent. The interest is paid semiannually, and the bonds mature in 6 years. Their par value

(Bondvaluation)Hamilton, Inc. bonds have a coupon rate of 11 percent. The interest is paid semiannually, and the bonds mature in 6 years. Their par value is 1,000.

If your required rate of return is 15 percent, what is the value of the bond? What is the value if the interest is paid annually?

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