This Question: 1 pt 15 of 22 (0 complete) This Test: 22 pls possible (Bond valuation zero coupon) The Latham Corporation is planning on issuing bonds that pay no interest but can be converted into $1.000 a maturity. 8 years from their purchase. To price these bonds competitively with other bonds of equal risk, it is determined that they should yield 5 percent, compounded annually. At what price should the Latham Corporation sell these bonds? The price of the Latham Corporation bonds should be 5 (Round to the nearest cent)