Enterprise, Inc. bonds have an annual coupon rate of 8

percent. The interest is paid semiannually and the bonds mature in 11 years. Their par value is $1,000. If themarket's required yield to maturity on acomparable-risk bond is 14 percent, what is the value of thebond? What is its value if the interest is paidannually?

The value of the Enterprise bonds if the interest is paid semiannually is ?

b.The value of the Enterprise bonds if the interest is paid annually is ?