$($Bond valuation$)$ Xerox issued bonds that pay $ $62\mathrm{.}50$ in interest each year and will mature in $5$ years. You are thinking about purchasing the bonds. You have decided that you would need to receive a return of $4$ percent on your investment. What is the value of the bond to$$ you, first assuming that the interest is paid annually and then$$ semiannually?

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

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enter your response here. $($Round to the nearest$$ cent.$)$