Question: 1 0 - year 6 % coupon $ 1 0 , 0 0 0 par value bond with a semi - annual coupon is offered

10-year 6% coupon $10,000 par value bond with a semi-annual coupon is offered for sale at an asking price of $7,000. What is the highest price an investor would be willing to pay for the bond in question (6)? Assume that the investor requires 12% yield to call. (The bond price in question 6 is $10,350)

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