Find the value of a bond maturing in 11 years, with a $1000 par value and a coupon interest rate of 11% (5.5% paid semiannually) if the required return on similar-risk bonds is 18% annual interest. ChatGPT To find the value of the bond, you can use the present value formula for the bond's cash flows, which includes both the coupon payments and the par value at maturity. In this case, the bond has an 11-year maturity, a $1,000 par value, an 11% annual coupon rate (5.5% semiannually), and a required return of 18% annually. The bond makes semiannual coupon payments, so you need to adjust the annual interest rate to a semiannual rate and the number of