(Related to Checkpoint 9.4) (Bond valuation) A bond that matures in 11 years has a $1,000 par value. The annual coupon interest rate 9 percent and the market's required yield to maturity on a comparable-risk bond is 15 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.) (Bond valuation) Enterprise, Inc. bonds have an annual coupon rate of 12 percent. The interest is paid semiannually and the bonds mature in 13 years value is $1,000. If the market's required yield to maturity on a comparable-risk bond is 14 percent, what is the value of the bond? What is its value if paid annually? a. The value of the Enterprise bonds if the interest is paid semiannually is $ (Round to the nearest cent.) (Related to Checkpoint 9.3) (Bond valuation) Calculate the value of a bond that matures in 12 years and has a $1,000 par value. The rate is 15 percent and the market's required yield to maturity on a comparable-risk bond is 13 percent. The value of the bond is $ (Round to the nearest cent.)