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X P6-24 (similar to) :8 Question Help Bond valuation Semiannual interest Find the value of a bond maturing in 8 years, with a $1,000 par

X P6-24 (similar to) :8 Question Help Bond valuation Semiannual interest Find the value of a bond maturing in 8 years, with a $1,000 par value and a coupon interest rate of 13% (6.5% paid semiannually) if the required return on similar-risk bonds is 14% annual interest (7% paid semiannually). The present value of the bond is $ 965.25. (Round to the nearest cent.)

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