Bond valuation - zero coupon) The Latham Corporation is planning on issuing bonds that pay no interest but can be onverted into $1,000 at maturity, 6 years from their purchase. To price these bonds competitively with other bonds a qual risk, it is determined that they should yield 9 percent, compounded annually. At what price should the Latham Corporation sell these bonds? The price of the Latham Corporation bonds should be $ (Round to the nearest cent.)