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(Related to Checkpoint 9.4) (Bond valuation) A bond that matures in 15 yoars has a $1,000 par value. The annual coupon interest rate is 13

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(Related to Checkpoint 9.4) (Bond valuation) A bond that matures in 15 yoars has a $1,000 par value. The annual coupon interest rate is 13 percent and the markets required yield to maturity on a comparable-risk, bond is 16 pereent. What would bo 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 noarest cent) b. The vatue of this bond if it paid interest semiannually would be 5 (Round to the nearest cont)

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