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Enterprise Ltd bonds have​ a(n) 13% annual coupon rate. The interest is paid​ semi-annually and the...

Enterprise Ltd bonds have​ a(n) 13%

annual coupon rate. The interest is paid​ semi-annually and the bonds mature in

9 years. Their face value is ​$1,000.

If the​ market's required yield to maturity on a​ comparable-risk bond is 14​%,

what is the value of the​ bond? What is its value if the interest is paid​ annually?

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