$9\mathrm{.}4($Valuing bonds$)($Related to Checkpoint $9\mathrm{.}4$ on page $305)$ Calculate the market value of a bond that matures in eight years and has a $1,000$ face value. The annual coupon interest rate is $4$ percent, and the market$$s required yield to maturity on a comparable$-$risk bond is $6$ percent.