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Shelly Inc. bonds have a 10 percent coupong rate. The interest is paid semiannually, and the bonds mature in 8 years. Their par value is

Shelly Inc. bonds have a 10 percent coupong rate. The interest is paid semiannually, and the bonds mature in 8 years. Their par value is $1,000. If your requried rate of reutrn is 8 percent, what is the value of the bond? What is the value if the interest is paid annually?

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