The value of the Enterprise bonds if the interest is paid semiannually is $__? (Round to nearest cent)

What is the value of the interest is paid annually?

Secure | https://www.mathxl.com/Student/PlayerHomework.aspx?homeworkid=44864 334.. FINC 300 (01): Fall 2017 Save Homework: Chapter 9 Homework Score: 0 of 3 pts | 4 of 12 (2 complete) HW Score: 16.5%, 4.95. P9-5 (similar to) Quesation Help (Bond valuation) Enterprise, Inc. bonds have an annual coupon rate of 15 percent. The interest is paid semiannually and the bonds mature in 11 years. Their par value is $1,000. If the market's required yield to maturity on a comparable-risk bond is 9 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 S(Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer Check Answer part remaining Clear All