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(Pleinted to Checkpoint 9.4) (Bond valuation) A bond that matures in 20 yoars has a $1,000 par value. The annual coupon interest rate is 12

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(Pleinted to Checkpoint 9.4) (Bond valuation) A bond that matures in 20 yoars has a $1,000 par value. The annual coupon interest rate is 12 percent and the market's roguired yield to maturity 2. The value of tis bond 8t paid interest anchally would be : (Round to the nearest cent)

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