In: Finance
Enterprise,Inc. bonds have an annual coupon rate of13 percent. The interest is paid semiannually and the bonds mature in7years. Their par value is$1000If the market's required yield to maturity on a comparable-risk bond is 15percent, what is the value of the bond? What is its value if the interest is paid annually?a. The value of the Enterprise bonds if the interest is paid semiannually is
$?
(Round to the nearest cent.)