value bond is one that se so it sells at par initially, 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. It 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 per 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 nearestent