$($Related to Checkpoint $9\mathrm{.}4)($Bond valuation$)$ A bond that matures

in $14$ years has a $$1,000$ par value. The annual coupon interest rate is

$9$ percent and the market's required yield to maturity on

a comparable$-$risk bond is $13$ percent. What would be the value of this

bond if it paid interest annually? What would be the value of this bond

if it paid interest semiannually?

a$.$ The value of this bond if it paid interest annually would be $

$($Round to the nearest cent.$)$