Question: please answer both (Related to Checkpoint 9.4) (Bond valuation) A bond that matures in 12 years has a $1,000 par value. The annual coupon interest

please answer both

(Related to Checkpoint 9.4) (Bond valuation) A bond that matures in 12 years has a $1,000 par value. The annual coupon interest rate is 7 percent and the market's required yield to maturity on a comparable-risk bond is 16 percent. What would be the value of this bond it it paid interest annually? What would be the value of this bond if it paid interest semiannually

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