Bond valuationlong dash

Annual

interest$$Calculate the value of the bond shown in the following$$ table, assuming it pays interest annually.

$($Click on the icon here

in order to copy the contents of the data table below into a$$ spreadsheet.$)$

Par value

Coupon interest rate

Years to maturity

Required return

$$$$1$ comma $000$

$9$

$\%$

$6$

$16$

$\%$

Question content area bottom

Part $1$

The value of the bond is $$$enter your response here

$.$

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