Removalists of Junk Inc. is issuing a new thirteen-year bond at a face value of $1000 with a coupon rate of 15.0%. Coupons are semi-annual. The risk free yield to maturity on similar term bonds trading in the market is 1.8% and Removalists of Junk has a credit spread of 7.1%. What should be the price of Removalists of Junk's bond? The annuity table provided below will assist with calculations: r=0.9% r=1.8% Ir=2.65% r=3.05% r=4.45% r=5.3% In=13 12.2166 11.4994 10.877 10.601 9.7125 9.2262 26 23.0889 20.6186 18.6188 17.7744 15.2272 13.9409 r=7.1% 8.3105 r=8.9% 7.527 11.7174 10.0117 The price of Removalists of Junk's bond should be $ (Round to the nearest cent.)