Fancy Food, Inc. has issued a bond with par value of $1,000, coupon rate of 9 percent paid semi annually, and matures in 10 years.

Fancy Food, Inc. has issued a bond with par value of $1,000, coupon rate of 9 percent paid semi annually, and matures in 10 years. What is the value of the bond if the required rate of return is 12 percent?