(Bond valuation-zoro coupon) The Latham Corporation is planning on issuing bonds that pay no interest but can be coriverted into $1,000 at maturily, 9 years from their purchase. To price these bonds compebtively with other bonds of equal fisk, il is deetermined that they should yield 6 percont compounded annualy, At what price should the Latham Corporaton selt these bonds? The price of the Latham Corporation bonds should be: (Round ta the nearest cent)