Quantitative Problem: Potter Industries has a bond issue outstanding with an annual coupon of 6% and a 10 -year maturity. The par value of the bond is $1,000. If the going annual interest rate is 8.6%, what is the value of the bond? Do not round intermediate calculations. Round your answer to the nearest cent. Quantitative Problem: Potter Industries has a bond issue outstanding with a 6% coupon rate with semiannual payments of $30, and a 10 -year maturity, The par value of the bond is $1,000. If the going annual interest rate is 8.6%, what is the value of the bond? Do not round intermediate calculations. Round your answer to the nearest cent