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(Related to Checkpoint 9.4) (Bond valuation) A bond that matures in 17 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 17 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 16 percent. What would be the value of this bond if it paid interest annually? What would be the valle bond if it paid interest semiannually

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