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2.5 points James would like to get into the bond business, is considering several different available options. He wants to get the best deal for

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2.5 points James would like to get into the bond business, is considering several different available options. He wants to get the best deal for himselt, and has found several completely fictional bond dealers. M. Leonard is offering to sell a zero-coupen bond with a maty ity of 14 years and a face value of $11,000.00 If you want to earn an arnual return of 7.4%. what is the highest you should be willing to pay for this bond? (answer in dollars, rounded to the nearest penny. For example, if your answer is $123,456.78 you should enter 123456.78

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