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(Blond valuaton) Xerox issued bonds that pay $72.50 in interest 6 ach year and will mature in 8 years. You are thinking about purchusing the

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(Blond valuaton) Xerox issued bonds that pay $72.50 in interest 6 ach year and will mature in 8 years. You are thinking about purchusing the bonds. You have decided that you would need to receive a return of 6 percent on your invastment. What b the value of the bond to you, fryt astuming that the interes is paid annually and than semiannualy? a. If the inoerest is paid semianmualy, the value of the bond is 1 (Round to the nearest cent) b. If the interest is paid annualy, the value of the bond is 1 (Round to the nearest cent.)

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