$($Bond valuation$)$ A bond that matures in $19$ years has a $$$$1$ comma $000$ par value. The annual coupon interest rate is $14$ percent and the$$ market's required yield to maturity on a$$ comparable$-$risk bond is $15$ percent. What would be the value of this bond if it paid interest$$ annually? What would be the value of this bond if it paid interest$$ semiannually?

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Part $1$

a$.$The value of this bond if it paid interest annually would be $$$

$$

enter your response here. $($Round to the nearest$$ cent.$)$