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( Related to Checkpoint 9 . 4 ) ( Bond valuation ) A bond that matures in 1 6 years has a $ 1 ,
Related to Checkpoint Bond valuation A bond that matures in years has a $ par value. The annual coupon interest rate is percent and the market's required
yield to maturity on a comparablerisk bond is percent. What would be the value of this bond if it paid interest annually? What would be the value of this bond if it paid
interest semiannually?
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