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Hamilton, Inc. bonds have a coupon rate of 12 percent. The interest is paid semiannually, and the bonds mature in 9 years. Their par value
Hamilton, Inc. bonds have a coupon rate of 12 percent. The interest is paid semiannually, and the bonds mature in 9 years. Their par value is 1,000. If your required rate of return is 9 percent, what is the value of the bond? What is the value if the interest is paid annually?
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