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(Bond valuation) Hamilton, Inc. bonds have a coupon rate of 13 percent. The interest is paid semiannually, and the bonds mature in 12 years. Their

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(Bond valuation) Hamilton, Inc. bonds have a coupon rate of 13 percent. The interest is paid semiannually, and the bonds mature in 12 years. Their par value is $1,000. If your required rate of return is 8 percent, what is the value of the bond? What is the value if the interest is paid annually? a. If the interest is paid semiannually, the value of the bond is $ (Round to the nearest cent.)

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