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(Reiated to Checkpoint 9.4 ) (Bond valuation) A bond that matures in 12 years has a $1,000 por value. The annual coupon interest rate is

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(Reiated to Checkpoint 9.4 ) (Bond valuation) A bond that matures in 12 years has a $1,000 por value. The annual coupon interest rate is 12 percent and the market's required yield to maturity. on a comparblie-risk bond is 13 percent. What would be the value of this bond if it paid interest nnnually? What would be the value of this bond if it paid interest semiannuall? a. The value of this bond if it paid interest annualy would be $ (Round to the nearect cent.)

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