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P9-5 ar 10) (Bond valuation) Enterprise, Inc bonds have an annual coupon rate of 14 percent. The interest is pald semiannually and the bonds mature

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P9-5 ar 10) (Bond valuation) Enterprise, Inc bonds have an annual coupon rate of 14 percent. The interest is pald semiannually and the bonds mature in 6 years. Their par value is $1,000. If the marker's required yield to maturity on a comparable-risk bond is 8 percent, what is the value of the bond? What is its value if the interest is paid annually? a. The value of the Enterprise bonds if the interest is paid semiannually is $1277 37 (Round to the nearest cent)

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