Bond valuation Semiannual interest Find the value of a bond maturing in 12 years, with a $1,000 par value and a coupon interest rate of 13% (6.5% paid semiannually) if the required return on similar-risk bonds is 13% annual interest. The present value of the bond is $ (Round to the nearest cent.) ...

Bond valuation-Semianhual interest. Find the value of a bond muturing in 12 years, with a $1,000 par value and a coupon intevest tate of 13%, 6.5 .5 paid semiannually) if the required retum on simalar-riak bonds is 13% arnuat interest The present value of the bend is ! (Round to the nearest cece)