Bond valuationSemiannual interestFind the value of a bond maturing in 11 years, with a $1000 par value and a coupon interest rate of 8% (4% paid semiannually) if the required return on similar-risk bonds is 13% annual interest (6.5% paid semiannually). Question content area bottom Part 1 The present value of the bond is enter your response here. (Round to the nearest cent.)

Bond valuation-Semiannual interest Find the value of a bond maturing in 11 years, with a $1,000 par value and a coupon interest rate of 8% ( 4% paid semiannually) if the required return on similar-risk bonds is 13% annual interest (6.5\% paid semiannually). The present value of the bond is $ (Round to the nearest cent.)