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Kosso, Inc. issued a 11-year bond with a par value of $1,000, coupon rate is 11 percent, and yield to maturity is 9 percent. Find
Kosso, Inc. issued a 11-year bond with a par value of $1,000, coupon rate is 11 percent, and yield to maturity is 9 percent. Find the value of the bond a. If the interest is paid semiannually, the value of the bond is $(- (Round to the nearest cent.) b. If the interest is paid annually, the value of the bond is $. (Round to the nearest cent.)
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