$($Related to Checkpoint $9\mathrm{.}4)($Bond valuation$)$ A bond that matures in $18$ years has a

$$1,000$ par value. The annual coupon interest rate is $13$ percent and the market's required

yield to maturity on a comparable$-$risk bond is $15$ 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.$)$

b$.$ The value of this bond if it paid interest semiannually would be $$.($Round to the

nearest cent.$)$

Please take time and effort to answer this question. Thank you.