What is the value of the bond what is its value if the


Enterprise, Inc. bonds have an annual coupon rate of 99 percent. The interest is paid semiannually and the bonds mature in 1010 years. Their par value is $1 comma 0001,000. If the market's required yield to maturity on a comparable-risk bond is 88 percent, what is the value of the bond? What is its value if the interest is paid annually?

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Financial Management: What is the value of the bond what is its value if the
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