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P6-16 (similar to) Question Help Bond valuation Annual interest Calculate the value of the bond shown in the following table, assuming it pays interest annually.

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P6-16 (similar to) Question Help Bond valuation Annual interest Calculate the value of the bond shown in the following table, assuming it pays interest annually. (Click on the icon located on top-right coner of the data table below in order to copy its contents into a spreadsheet.) Par value $1,000 Coupon interest rate 16% Years to maturity 12 Required return 9% The value of the bond is (Round to the nearest cent.)

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