Question: Please answer Q8! All components needed to answer the question are in the picture thank you Bond valuation-Semiannual interest Find the value of a bond

Please answer Q8! All components needed to answer the question are in the picture thank you
Please answer Q8! All components needed to answer the question are in

Bond valuation-Semiannual interest Find the value of a bond maturing in 5 years, with a $1,000 par value and a coupon interest rate of 11% (5.5\% paid semiannually) if the required return on similar-risk bonds is 15% annual interest (7.5\% paid semiannually). The present value of the bond is $ (Round to the nearest cent.)

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