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A bond that matures in 13 years has a $1,000 par value. The annual coupon interest...

A bond that matures in 13 years has a $1,000 par value. The annual coupon interest rate is 7 percent and the markets required yield to maturity on a comparable risk bond is 15 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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126 fix (-PV(0.075,26,35, 1000)) 4 5 years to maturity coupon rate 7 yield 8 facevalue 13 7.0% 15.00% 1000 9 Annually: 10 11

H26 e f x --PV(H24,H16, H18,H20) 10 Semi Annually: 11 12 COUPON RATE 7.00% 13 14 YEAR TO MATURITY 13.00 15 26 (Periods to mat

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