Bond valuatior

Bond valuation Bond X is noncallable and has 20 years to maturity, a 9% annual coupon, and a $1,000 par value. Your required return on Bond X is 12%; and if youbuy it; you plan to hold it for 5 years. You (and the market) have expectations that in 5, years the yield to maturty 15-year bond with similar risk will be 11%. How much should you be willing to pay for Bond X today? (Hint: You will need to know how: much the bond willJbe worth at the end of 5 years.) Round your answer to the nearest cent.