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(Related to Checkpoint 9.4) (Bond valuation) A bond that matures in 18 years has a $1,000 par value. The annual coupon interest rate is 9

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(Related to Checkpoint 9.4) (Bond valuation) A bond that matures in 18 years has a $1,000 par value. The annual coupon interest rate is 9 percent and the market's required yield to maturity on a comparable-risk bond is 13 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? a. The value of this bond if it paid interest annually would be $ (Round to the nearest cent.) (Bond valuation) Enterprise, Inc. bonds have an annual coupon rate of 16 percent. The interest is paid semiannually and the bonds mature in 9 years. Their par value is $1,000. If the market's required yield to maturity on a comparable-risk bond is 12 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 $. (Round to the nearest cent.)

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