Question: help please! Thirteen yean ago, Eite Elements issued a 15 -year bond with a $1,000 fsce value and a 4 percent coupon rate of intereet

help please!

Thirteen yean ago, Eite Elements issued a 15 -year bond with a $1,000 fsce value and a 4 percent coupon rate of intereet (pald semiannualy). If investers require a refum equal to 7 percent to invest in simiar bonds, what is the current market value of Elae's bond? Do not round intermediate caiculatiens. Round your answer to the nearest cent

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