Problem $10-1($Algo$)$ Bond value $[$LO$10-3]$

The Lone Star Company has $$1,000$ par value bonds outstanding at $9$ percent interest. The bonds will mature in $19$ years. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods.

Compute the current price of the bonds if the present yield to maturity is$.$

Note: Do not round intermediate calculations. Round your final answers to $2$ decimal places. Assume interest payments are annual.

$\backslash$table$[[,$Bond Price$],[$a$.6$ percent,$],[$b$.8$ percent,$],[$c$.12$ percent,$]]$