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Enterprise, Inc. bonds have an annual coupon rate of 11 percent. The interest is paid semiannually and the bonds mature in 8 years. Their par

Enterprise, Inc. bonds have an annual coupon rate of 11 percent. The interest is paid semiannually and the bonds mature in 8 years. Their par value is $1000. If the market's required yield to maturity on a comparable-risk bond is 12 percent, what is the value of the bond? What is its value if the interest is paid annually? Question

The value of the Enterprise bonds if the interest is paid semiannually is

b.

The

value of the Enterprise bonds if the interest is paid annually is

$

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