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(Related to Checkpoint 9.4)(Bond valuation) A bond that matures in 10 years has a $1,000 par value. The annual coupon interest rate is 12 percent

(Related to Checkpoint 9.4)(Bond valuation) A bond that matures in

years has a

$1,000

par value. The annual coupon interest rate is

percent and the market's required yield to maturity on a comparable-risk 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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