(Related to Checkpoint 9.4) (Bond valuation) A bond that matures in 10 years has a $1,000 par value. The annual coupon interest rate is 15 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.) (Related to Checkpoint 9.2) (Yield to maturity) The market price is $875 for a 15-year bond ($1,000 par value) that pays 11 percent annual interest, but makes interest payments on a semiannual basis (5.5 percent semiannually). What is the bond's yield to maturity? The bond's yield to maturity is %. (Round to two decimal places.)