pls answer for b. pls round to the nearest cent (Related to Checkpoint...
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pls answer for b. pls round to the nearest cent
(Related to Checkpoint 9.4) (Bond valuation) A bond that matures in 15 years has a $1,000 par value. The annual coupon interest rate is 8 percent and the market's required yield to maturity on a comparable-risk bond is 13 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 $ 676.88 (Round to the nearest cent.) b. The value of this bond if it paid interest semiannually would be $ (Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer All parts showing Clear All Check
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