bond valuation finance question

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Shelly Inc. bonds have a 6 percent coupon rate. The interest is paid semiannually, and the bonds mature in 8 years. Their par value is $1,000. If your required rate of return is 4 percent, what is the value of the bond? What is the value if the interest is paid annually?

 

please show your work and explain how you got each part 

    • 13 years ago
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