A chain of retail stores is determining the operating profit margin for one of its stores to decide if the store should be closed. How is this determined?

Net sales minus gross margin

Operating expenses minus gross margin.

Operating expenses divided by net sales.

Gross margin minus operating expenses.

Cost of goods sold minus gross margin.

esmith Corporation's outstanding bonds have a $$1,000$ par value, a $9\%$ semiannual coupon, $17$ years to maturity, and a $13\%$ YTM$.$ What is the bond's price? ound your answer to the nearest cent.