Question: ABC's bonds will be maturing in 8 years, pay 8 percent coupon rate on the $1,000 par value. a. The value of the bond is

ABC's bonds will be maturing in 8 years, pay 8 percent coupon rate on the $1,000 par value.

a. The value of the bond is $________, if the coupon is paid semiannually.(Round to the nearest cent.)

b. The value of the bond is $________, if the coupon is paid annually.

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