Bond valuation$-$Semiannual interest Find the value of a bond maturing in $6$ years, with a $$1,000$ par value and

a coupon interest rate of $9\%(4\mathrm{.}5\%$ paid semiannually$)$ if the required return on similar$-$risk bonds is $13\%$ annual

interest.

The present value of the bond is $

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