bond

A bond that matures in 10 years has a ​$1,000 par value. The annual coupon interest rate is 11 percent and the​ market’s required yield to maturity on a​ comparable-risk bond is 17 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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