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Bond valuation-Semiannual interest Find the value of a bond maturing in 11 years, with a $1,000 par value and a coupon Interest rate of 13%

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Bond valuation-Semiannual interest Find the value of a bond maturing in 11 years, with a $1,000 par value and a coupon Interest rate of 13% (65% paid semiannually) if the required return on similar-risk bonds is 15% annual interest (75% paid semiannually) The present value of the band is 5 (Round to the nearest cont)

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