Question: Kosso, Inc. issued a 11-year bond with a par value of $1,000, coupon rate is 11 percent, and yield to maturity is 9 percent. Find

Kosso, Inc. issued a 11-year bond with a par value of

Kosso, Inc. issued a 11-year bond with a par value of $1,000, coupon rate is 11 percent, and yield to maturity is 9 percent. Find the value of the bond a. If the interest is paid semiannually, the value of the bond is $(- (Round to the nearest cent.) b. If the interest is paid annually, the value of the bond is $. (Round to the nearest cent.)

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