Quantitative Problem: Potter Industries has a bond issue outstanding with an

annual coupon of $6\%$ and a $10-$year maturity. The par value of the bond is $$1,000.$

If the going annual interest rate is $9\%,$ what is the value of the bond? Do not round

intermediate calculations. Round your answer to the nearest cent.

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Quantitative Problem: Potter Industries has a bond issue outstanding with $a6\%$

coupon rate with semiannual payments of $$30,$ and a $10-$year maturity. The par

value of the bond is $$1,000.$ If the going annual interest rate is $9\%,$ what is the

value of the bond? Do not round intermediate calculations. Round your answer to

the nearest cent.

$${?}_{{?}_{{?}_{?}}}$