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Answer the question please. Thankyou. Bond valuationSemiannual interest Find the value of a bond maturing in 11 years, with a $1 ,000 par value and

Answer the question please. Thankyou.

Bond valuationSemiannual interest Find the value of a bond maturing in 11 years, with a $1 ,000 par value and a coupon interest rate of 8% (4% paid semiannually) if the required return on similar-risk bonds is 13% annual interest. The present value of the bond is $13. (Round to the nearest cent.)

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