Hello, trying to get help on the following: (Bond valuation)Calculate the value of a bond that matures in 12 years and has a $1,000 par value. The annual coupon interest rate is 15 percent and themarket's required yield to maturity on acomparable-risk bond is 12 percent.

The value of the bond is $

. (Round to the nearestcent.)

thanks so much,

Seyhan