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Bond valuation - Semiannual interest. Find the value of a bond maturing in 7 yean, with a $1,000 par value and a coupon interest rate

Bond valuation - Semiannual interest. Find the value of a bond maturing in 7 yean, with a $1,000 par value and a coupon interest rate of 13%, 6.5% paid semiannualy) if the requirsed ratum on similavriak bonds is 15% annual linterest. The present value of the bond is $ (Round to the nearest cent.)

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