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Shelly inc bonds have a coupon rate of 13 percent the

Shelly Inc. bonds have a coupon rate of 13 percent. the interest rate is paid semiannually, and the bonds mature in 13 years. their par value is $1000. If your required rate of return is 9 percent, what is the value of the bond? What is the value if the interest is paid annually?

a) If the interest is paid semiannually, what is the value of the bond?

b) If the interest is paid annually, what is the value of the bond?

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Financial Management: Shelly inc bonds have a coupon rate of 13 percent the

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