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A bond that matures in 17 years has a ​$1000 par value. The annual coupon interest...

A bond that matures in 17 years has a ​$1000 par value. The annual coupon interest rate is 15 percent and the​ market's required yield to maturity on a​ comparable-risk bond is 14 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? Question 7-3

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Annually: COUPON RATE 15.00% NPER 17 (years to maturity) PMT 150 (face value x coupon rate) FACE VALUE $ 1,000.00 YIELD 14.00Semi Annually: COUPON RATE 15.00% YEAR TO MATURITY 17.00 NPER 34 (years to maturity x 2) PMT 75 (face value x coupon rate)/2

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