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Hamilton, Inc. bonds have a coupon rate of 88 percent. The interest is paid semiannually, and the bonds mature in 1414 years. Their par value
Hamilton, Inc. bonds have a coupon rate of 88 percent. The interest is paid semiannually, and the bonds mature in 1414 years. Their par value is $1 comma 0001,000. If your required rate of return is 99 percent, what is the value of the bond? What is the value if the interest is paid annually?
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