A bond

bonds
June 28, 2019
Pybus
June 28, 2019

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.)

 
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