Enterprise, Inc. bonds have an annual coupon rate of $13$ percent. The interest is paid semiannually and the bonds mature in $13$ years. Their par value is $$$$1,000.$ If the$$ market's required yield to maturity on a$$ comparable$-$risk bond is $11$percent$,$ what is the value of the$$ bond? What is its value if the interest is paid$$ annually?

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Part $1$

a$.$ The value of the Enterprise bonds if the interest is paid semiannually is $$$enter your response here. $($Round to the nearest$$ cent.$)$