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(Related to Checkpoint 9.3) (Bond valuation) Calculate the value of a bond that matures in 13 years and has a $1,000 par value. The annual coupon interest rate is 15 percent and the market's required yield to maturity on a comparable-risk bond is 11 percent. The value of the bond is $. (Round to the nearest cent.) (Related to Checkpoint 9.4) (Bond valuation) A bond that matures in 9 years has a $1,000 par value. The annual coupon interest rate is 11 percent and the market's required yield to maturity on a comparable-risk bond is 13 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? a. The value of this bond if it paid interest annually would be $ (Round to the nearest cent.) (Related to Checkpoint 9.2) (Yield to maturity) The market price is $825 for a 15 -year bond ( $1,000 par value) that pays 8 percent annual interest, but makes interest payments on a semiannual basis ( 4 percent semiannually). What is the bond's yield to maturity? The bond's yield to maturity is \%. (Round to two decimal places.)