$($Bond

valuation$)$

$$Hamilton$,$ Inc. bonds have a coupon rate of

$1313$

percent. The interest is paid$$ semiannually, and the bonds mature in

$1313$

years. Their par value is

$$$$1$ comma $0001,000.$

If your required rate of return is

$1111$

$$percent$,$ what is the value of the$$ bond? What is the value if the interest is paid$$ annually?

Question content area bottom

Part $1$

a$.$ If the interest is paid$$ semiannually, the value of the bond is

$$$enter your response here.

$($Round to the nearest$$ cent.$)$