$($Bond valuation$)$ A bond that matures in

$1111$

years has a

$$$$1,0001,000$

par value. The annual coupon interest rate is

$1111$

percent and the$$ market's required yield to maturity on a$$ comparable$-$risk bond is

$1616$

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?

Question content area bottom

Part $1$

a$.$ The value of this bond if it paid interest annually would be $($round your answer to the nearest$$ cent$)$

$$ $enter your response here.