A bond

/in /by

A bond that matures in 15 years has a ​$1,000 par value. The annual coupon interest rate is 12 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?

a.  The value of this bond if it paid interest annually would be $. ​(Round to the nearest​ cent.)

 
"Looking for a Similar Assignment? Order now and Get 10% Discount! Use Code "Newclient"