You are considering a $15-$year, $\backslash (\backslash$$ $1,000\backslash )$ par value bond. Its coupon rate is $\backslash (11\backslash \%\backslash ),$ and interest is paid semiannually. If you require an "effective" annual interest rate $($not a nominal rate$)$ of $\backslash (8\mathrm{.}16\backslash \%\backslash ),$ how much should you be willing to pay for the bond? Do not round intermediate calculat answer to the nearest cent. $\backslash$$