(Bond valuation) A bond that matures in 9 years has a $1,000 par value. The annual coupon interest rate is 14 percent and the market's required yield to maturity on a comparable-risk bond is 13 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?

The value of this bond if it paid interest annually would be S. (Round to the nearest cent.)

Related to Checkpoint 9.2 and Checkpoint 0.3) Bond valuation relationship) The 17-year $1,000 per volle bonds of Waco Industries Day 9 percent interest anually. The market price of the band is 5945, and the manasundo to maturity on a comparisk bond 11 percent a Compute the bort yield to mounty to Determine the value of the bond to you given the many required yield to maturity on a comparable-risk bord, Should you purchase the bond? What is your id to maturity on the Waco bonde given the current market price of the bonds? Round to w ceom po