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​Enterprise, Inc. bonds have an annual coupon rate of 13percent. The interest is paid semiannually and...

​Enterprise, Inc. bonds have an annual coupon rate of 13percent. The interest is paid semiannually and the bonds mature in11

years. Their par value is ​$1,000. If the​ market's required yield to maturity on a​ comparable-risk bond is 11​percent, 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.)

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jeff jeffy answered 1 year ago
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