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Red Plc bonds have a 6 percent annual coupon rate. The interest is paidsemiannually, and the bond mature in eight year. Their face value is

Red Plc bonds have a 6 percent annual coupon rate. The interest is paidsemiannually, and the bond mature in eight year. Their face value is 400. If the markets yield to maturity on a comparable-risk bond is 8 percent, what isthe value of the bond? What is its value if the interest is paid annually?

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