Question: Please round to the nearest cent and make the actual answers visible/understandable. Bold and highlight answers if possible please. Thank you! (Related to Checkpoint 9.4)

Please round to the nearest cent and make the actual answers visible/understandable. Bold and highlight answers if possible please. Thank you!

(Related to Checkpoint 9.4) (Bond valuation) Abond that matures in 12 years has a $1,000 par value. The annual coupon interest rate is 9 percent and the market's required yield to maturity on a comparablerisk bond is 13 percent. What would be the value of this band if it paid interest annually? What would be the value of this bond if it paid interest semiannually

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