Bond valuation - Quarterly interest Calculate the value of a $500-par-value bond paying quarterly interest at an annual coupon interest rate of 11% and having 11 years until maturity if the required return on similar-risk bonds is currently a 12% annual rate. The present value of the bond is ? (Round to the nearest cent.) Bond valuation - Quarterly interest Calculate the value of a $500-par-value bond paying quarterly interest at an annual coupon interest rate of 11% and having 11 years until maturity if the required return on similar-risk bonds is currently a 12% annual rate. The present value of the bond is ? (Round to the nearest cent.)