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Bond valuation-Semiannual interest Find the value of a bond maturing in 5 years, with a $1,000 par value and a coupon interest rate of

Bond valuation-Semiannual interest Find the value of a bond maturing in 5 years, with a $1,000 par value and a coupon interest rate of 13% (6.5 % paid semiannually) if the Krequired return on similar-risk bonds is 17% annual interest (8.5% paid semiannually) The present value of the bond is $ (Round to the nearest cent)

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