(Bond valuation) A bond that matures in 10 years has a $1,000 par value. The annual coupon interest rate is 14 percent and themarket's required yield to maturity on acomparable-risk bond is 17 percent. What would be the value of this bond if it paid interestannually? What would be the value of this bond if it paid interestsemiannually?

a.The value of this bond if it paid interest annually would be $ . (Round to the nearestcent.)