Homework: Chapter 7 HW Save Score: 0 of 1 pt 17 of 22 (3 complete) HW Score: 13.64%, 3 of 22 pts Problem 7-12 (similar to) Question Help (Bond valuation-zero coupon) The Latham Corporation is planning on issuing bonds that pay no interest but can be converted into $1,000 at maturity. 4 years from their purchase. To price these bonds competitively with other bonds of equal risk, it is determined that they should yield 8 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.) Enter your answer in the answer box and then click Check Answer. All parts showing Clear All Check