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(Bond valuation)Hamilton, Inc. bonds have a coupon rate of 12 percent. The interest is paid...

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Finance

(Bond valuation)Hamilton, Inc. bonds have a coupon rate of 12 percent. The interest is paid semiannually, and the bonds mature in 6 years. Their par value is$1,000.

If y our required rate of return is 14percent, what is the value of the bond? What is the value if the interest is paid annually?

a. If the interest is paid semiannually, the value of the bond is $... (Round to the nearest cent.)

If the interest is paid annually, the value of the bond is

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