= Homework: MT217M5 Lab Assessment Question 1, P9-3 (similar to) HW Score: 30%, 6 of 20 points O Points: 0 of 1 Save (Related to Checkpoint 9.3) (Bond valuation) Calculate the value of a bond that matures in 16 years and has a $1,000 par value. The annual coupon interest rate is 12 percent and the market's required yield to maturity on a comparable-risk bond is 15 percent. The value of the bond is $. (Round to the nearest cent.)