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Value a bond that is $1,000 par, semi-annual coupon payments, 23 years to maturity, 10% coupon rate, and with an 9% required (market) rate. Note:

Value a bond that is $1,000 par, semi-annual coupon payments, 23 years to maturity, 10% coupon rate, and with an 9% required (market) rate.

Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $12,345.67, type 12345.67).

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