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enterprise inc bonds have an annual coupon rate of 8 percent. the interest is paid semiannually ans the bons mature in 15 years. their par

enterprise inc bonds have an annual coupon rate of 8 percent. the interest is paid semiannually ans the bons mature in 15 years. their par value is 1,000 if the maturity required yields to maturity on a comparable bond is 16 percent what is the value of the bond? what its value if the interest is paid annually?

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