Question: What is the most we should pay for a bond with a par value of $ 1 0 0 0 , coupon rate of 4

What is the most we should pay for a bond with a par value of $1000, coupon rate of 4.3% paid semi-annually, and a remaining life of 10 years? The bond is rated BBB, with a yield to maturity of 6.9%.(Round your answer to the nearest penny.)

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