A 6 year bond that pays 8% interest semiannually sells at par(1000). Another 6 year bond of equal risk pays 8 percent interest annually. Both bonds...

A 6 year bond that pays 8% interest semiannually sells at par(1000). Another 6 year bond of equal risk pays 8 percent interest annually. Both bonds are non callable and have face values of $1,000. What is the price of the bond that pays annual interest.?

A 6 year bond that pays 8% interest semiannually sells at par(1000).Another 6 year bond of equal risk pays 8 percent interest annually. Bothbonds are non callable and have face values of $1,000....