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A bond that matures in 16 years has a ​$1000 par value. The annual coupon interest...

A bond that matures in 16 years has a ​$1000 par value. The annual coupon interest rate is 13% and the​ market's required yield to maturity on a​ comparable-risk bond is 16%. 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?

(Round to the nearest cent)

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