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Hi, this is my problem please solve it ASAP. Thanks Twin Oaks Health Center has a bond issue outstanding with a coupon rate of 7

Hi, this is my problem please solve it ASAP.

Thanks

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Twin Oaks Health Center has a bond issue outstanding with a coupon rate of 7 percent and four years remaining until maturity. The par value of the bond is $1,000, and the bond pays interest annually. Determine the current value of the bond if present market conditions justify a 14 percent required rate of return. Now, suppose Twin Oaks's four-year bond had semiannual coupon payments. What would be its current value? (Assume a percent semiannual required rate of return. However, the actual rate would be slightly less than 7 percent because a semiannual coupon bond is slightly less risky than an annual coupon bond.) Assume that Twin Oaks's bond had a semiannual coupon but 20 years remaining to maturity. What is the current value-under these conditions? (Again, assume a 7 percent semiannual required rate of return, although the actual rate would probably be greater than 7 percent because of increased price risk.)

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