$($Related to Checkpoint$9\mathrm{.}4)($Bond valuation$)$ A bond that matures in

$1313$

years has a

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

par value. The annual coupon interest rate is

$1515$

percent and the$$ market's required yield to maturity on a$$ comparable$-$risk bond is

$1717$

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?

Question content area bottom

Part $1$

a$.$ The value of this bond if it paid interest annually would be

$$$enter your response here.

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