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Nick Turner is considering the purchase of a bond that was issued 4 years ago and has 19 years left till maturity. The bond has

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Nick Turner is considering the purchase of a bond that was issued 4 years ago and has 19 years left till maturity. The bond has a coupon rate of 8.25 percent and a face value of $1,000. If the yield to maturity is 7.50%, calculate to the nearest penny the value of the bond today. *PLACE YOUR ANSWER IN DOLLARS AND CENTS. DO NOT USE A DOLLAR SIGN OR A COMMA IN YOUR ANSWER. WORK YOUR ANALYSIS USING AT LEAST 4 DECIMAL POINTS OF ACCURACY

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