Question: D Question 36 3 pts Your financial advisor is offering you an opportunity to invest in Corporate Bonds. Since you are very interested in diversifying

D Question 36 3 pts Your financial advisor is offering you

D Question 36 3 pts Your financial advisor is offering you an opportunity to invest in Corporate Bonds. Since you are very interested in diversifying your portfolio with some fixed income investment, you are considering this offer. The bond that matures in 17 years, yields 7.32% and has a coupon rate of 9% paid semiannually. If the par value equals $1,000, what is the most you should be willing to pay for each bond? Round your answer to the nearest penny

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