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3. On March 22, 2007 XYZ Ltd. issued corporate bonds with a face value of $1000, a coupon rate of 6% per year, and

3. On March 22, 2007 XYZ Ltd. issued corporate bonds with a face value of $1000, a coupon rate of 6% per year, and quarterly coupons. The bonds mature on March 21, 2027. What is the most you would pay for this bond today (March 22, 2021) if you wanted to earn a 12% APR on your investment? Drawa correct cash flow diagram.

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