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Harrelson Company has a coupon bond outstanding that pays coupon interest of $120 per year and has 10 years to maturity. The face value of

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Harrelson Company has a coupon bond outstanding that pays coupon interest of $120 per year and has 10 years to maturity. The face value of the bond is $1000. If the yield for similar bonds is currently 14%, what is the bond's current market value? For the Harrelson Company bond previously described, find the bond's value if Harrelson Company decides to pay interest semiannually instead

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