Question: What maximum price would you pay for a standard 4% level-coupon bond (with monthly payments and a face value of $10,000) that has 12 years

What maximum price would you pay for a standard 4% level-coupon bond (with monthly payments and a face value of $10,000) that has 12 years to maturity if the prevailing discount rate (your cost of capital) is 12% APR?

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