A bond

/in /by

A bond that matures in 14 years has a ​$1, 000 par value. The annual coupon interest rate is 13 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?

 
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