(Related to Checkpoint 9.3) (Bond valuation) Calculate the value of a bond that matures in 11 years and has a $1,000 par value. The annual coupon interest rate is 8 percent and the market's required yield to maturity on a comparable-risk bond is 15 percent. The value of the bond is $ (Round to the nearest cent.) (Related to Checkpoint 9.4) (Bond valuation) A bond that matures in 11 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.) (Related to Checkpoint 9.2) (Yield to maturity) The Saleemi Corporation's $1,000 bonds pay 8 percent interest annually and have 8 years until maturity. You can purchase the bond for $895. a. What is the yield to maturity on this bond? b. Should you purchase the bond if the yield to maturity on a comparable-risk bond is 11 percent? a. The yield to maturity on the Saleemi bonds is \%. (Round to two decimal places.)