29 tion to Finance (1) K < Question 13 of 34 > a. If the interest is paid semiannually, the value of the bond is $ (Round to the nearest cent.) b. If the interest is paid annually, the value of the bond is $. (Round to the nearest cent.) Nicholas Pelliccio MacBook Pro This test: 34 point(s) possible This question: 1 point(s) possible 11/02/23 9:01 AM (Bond valuation) Xerox issued bonds that pay $80.00 in interest each year and will mature in 9 years. You are thinking about purchasing the bonds. You have decided that you would need to receive a return of 5 percent on your investment. What is the value of the bond to you, first assuming that the interest is paid annually and then semiannually? Submit test Next