Xerox issued bonds that pay $ 67.50 in interest each year and will mature in 5 years. You are thinking...

Xerox issued bonds that pay $ 67.50 in interest each year and will mature in 5 years. You are thinking about purchasing the bonds. You have decided that you would need to receive a 5 percent return on your investment. What is the value of the bond to you, first assuming that the interest is paid annually and then semiannually?