Hamilton, Inc. bonds have a coupon rate of $8$ percent. The interest is paid$$ semiannually, and the bonds mature in $13$ years. Their par value is $$$$1$ comma $000.$ If your required rate of return is $11$percent$,$ what is the value of the$$ bond? What is the value if the interest is paid$$ annually?

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Part $1$

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

$$

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