Problem 7-12 (similar to) E Question Help (Bond valuation-zero coupon) The Latham Corporation is planning on issuing bonds that pay no interest but can be converted into $1,000 at maturity, 6 years from their purchase. To price these bonds competitively with other bonds of equal risk, it is determined that they should yield 5 percent, compounded annually. At what price should the Latham Corporation sell these bonds? orporation sell these partitively with the planning on ins The price of the Latham Corporation bonds should be $ (Round to the nearest cent.)