Crane Corp is issuing a $10-$year bond with a coupon rate of $12$ percent. The interest rate for similar bonds is currently $5$ percent. Assuming annual payments, what is the value of the bond? Assume face value is $1000.($Round answer to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$ Value of bond $\backslash (\backslash$$ $\backslash )$Make sure to follow rounding instructions. The answer is not $1541\mathrm{.}08$ or $1540\mathrm{.}22.$