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Enterprise, Inc. Bonds have an annual coupon rate of 14%. The interest is paid semiannually in the Bonds mature and 8 years. Their par value

Enterprise, Inc. Bonds have an annual coupon rate of 14%. The interest is paid semiannually in the Bonds mature and 8 years. Their par value is $1000. If the markets required yield to maturity in a comparable risk bond is 9%.

a. The value of the enterprise bonds if the interest is paid semi annually is $

b. What is its value if the interest is paid annually?

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