Basic bond valuation$$ Complex Systems has an outstanding issue of

$$$$1$ comma $0001,000-$par$-$value

bonds with a$$

$1616\%$

coupon interest rate. The issue pays interest annually and has

$1818$

years remaining to its maturity date.

a$.$If bonds of similar risk are currently earning a rate of return of

$1414\%,$

how much should the Complex Systems bond sell for$$ today?$$

a$.$If bonds of similar risk are currently earning a rate of return of

$1414\%,$

the Complex Systems bond should sell today for$$

$$$enter your response here.

$($Round to the nearest$$ cent.$)$