$($Bond valuation$)$ Flora Co$.\text{'}$s bonds, maturing in $14$ years, pay $15$ percent interest on a $$1,000$ face value. However, interest is paid semiannually. If your required rate of return is $14$ percent, what is the value of the bond? How would your answer change if the interest were paid annually?

a$.$ If the interest is paid semiannually, the value of the bond is $

$($Round to the nearest cent.$)$