PLEASE SHOW WORK

Consider the following details for a bond issued by Bravo Incorporated:

Issue Date

8/5/2000

Maturity Date

8/5/2030

Annual Coupon Rate (ANNUAL coupons)

9%

Face Value

$1,000

Suppose that today's date is 8/5/2004.What should the current trading price be for this bond if investors want a 12% ANNUAL return?(Show your work.Label $.Two decimal places required.Highlight or bold your answer.)

PLEASE SHOW WORK