Question: hat matures in 2 0 years has a $ 1 comma 0 0 0 par value. The annual coupon interest rate is 1 1 percent

hat matures in 20
years has a $1 comma 000
par value. The annual coupon interest rate is 11
percent and the market's required yield to maturity on a comparable-risk bond is 15
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?

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