A bond with 13 years to maturity and a coupon rate of 9% has a par, or face, value of $22,000. Interest is paid annually. If you require a return of 13% on this bond, what is the price of the bond? Question content area bottom Part 1 The value of the bond is $ enter your response here. (Round to the nearest cent.)

A bond with 13 years to maturity and a coupon rate of 9% has a par, or face, value of $22,000. Interest is paid annually. If you require a return of 13% on this bond, what is the price of the bond? The value of the bond is $ (Round to the nearest cent.)