$($Related to Checkpoint $9\mathrm{.}4)($Bond valuation$)$ A bond that matures in $17$ 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 $16$ 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?