Please solve for all parts and questions being asked in the problem. In addition, please find the value of the bond. (Round to the nearest cent.)

Please also show all work and steps.

(Related to Checkpoint 9.3) (Bond valuation) Calculate the value of a bond that matures in 17 years and has a $1,000 par value. The annual coupon interest rate is 15 percent and the market's required yield to maturity on a comparable-risk bond is 11 percent