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8 pts Question 17 Creative Financing, Inc., is planning to offer a $1,000 par value 16-year maturity bond with a coupon interest rate that changes every four years. The coupon rate for the first four years is 6.1 percent, 7.4 percent for the next four years, 8.5 percent for the next four years, and 9.7 percent for the final four years. If you require a rate of return of 8.7 percent on a bond of this quality and maturity, what is the maximum price you would pay for the bond? Assume interest is paid annually at the end of each year. Provide your answer to the nearest dollar (in other words, if your answer is one million dollars, then input 1,000,000 or 1000000)