Bond valuation$-$Semiannual interest Find the value of a bond maturing in $9$ years, with a $$1,000$ par value and a coupon interest rate of $8\%(4\%$ paid semiannually$)$ if the required return on similar$-$risk bonds is $17\%$ annual interest.

The present value of the bond is $

$($Round to the nearest cent.$)$