James would like to get into the bond business, is considering several different available options. He wants to get the

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James Would Like To Get Into The Bond Business Is Considering Several Different Available Options He Wants To Get The 1 (35.95 KiB) Viewed 14 times

James would like to get into the bond business, is considering several different available options. He wants to get the best deal for himself, and has found several completely fictional bond dealers. P Parker is offering to sell a bond with a maturity of 16 years and a face value of $13,000.00, but she says she purchased it 4 years ago. This bond pays annual coupons at a 0.82% rate. If you want to earn an annual return of 6.1%. what is the highest you should be willing to pay for this bond? (answer in dollars, rounded to the nearest penny. For example, if your answer is $123,456.78 you should enter 123456.78.)