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

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25 points James would like to get into the bond business, is consldering several different available options. He wants to get the best deal for himself, and has found several coenpietely fictional bond dealers. T. Wald is offering to sell a bond with a maturity of 9 years and a face value of $19,000.00. This bond pays annual coupons at a 1.2% rate If you want to earn an annual return of 6.9%, what is the highest you should be willing to pay for this bond? (answer in dollars, rounded to the nearest penny. For example. your answer is $123,456,78 you should enter 123456.78

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