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Describe how the annual payment bond valuation formula is changed to evaluate semiannual coupon bonds and write the revised formula. Hartwell Corporation's bonds have a

Describe how the annual payment bond valuation formula is changed to evaluate semiannual coupon bonds and write the revised formula.

Hartwell Corporation's bonds have a 20-year maturity, an 8% semiannual coupon, and a face value of $1,000. The going nominal annual interest rate (rd) is 7% What is the bond's price?

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