(Bond valuation-zero coupon) The Latham Corporation is planining on issuing bonds that pay no interest but can be converted into 51,000 at maturity. 5 years from their purchase. To price these bonds competitively with other bonds of equal risk, it is delermined that they should yield 6 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.)