XiaoKe, Corp. issued a bond, which will mature in 13 years. with a coupon rate of 14 percent, paying interest semiannually. The bond's par value is $1,000. And, according to this company's risk, investors require a rate of return of 13 percent. Answer the following questions.

a. If the interest is paid semiannually, the value of the bond is $

b. If the interest is paid annually, the value of the bond is $