Question: ( Bond valuation ) A bond that matures in 1 0 years has a $ 1 , 0 0 0 par value. The annual coupon

(Bond valuation) A bond that matures in 10 years has a $1,000 par value. The annual coupon interest rate is 13 percent and the market's required yield to maturity on a comparable-risk bond is 16 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 semiannualThe value of this bond if it paid interest annually would be (round your answer to the nearest cent)

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