$($Related to Checkpoint$9\mathrm{.}4)($Bond valuation$)$ A bond that matures in $11$ years has a $$$$1,000$ par value. The annual coupon interest rate is $7$ percent and the$$ market's required yield to maturity on a$$ comparable$-$risk bond is $16$ percent. What would be the value of this bond if it paid interest$$ annually? What would be the value of this bond if it paid interest$$ semiannually?