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35. Due to his daughter's obsession with Lululemon, Dr. Pope has decided to purchase a Lululemon bond. He is considering a Lulu bond that will
35. Due to his daughter's obsession with Lululemon, Dr. Pope has decided to purchase a Lululemon bond. He is considering a Lulu bond that will mature in exactly 12 years. The bond has a face value of $1,000 and pays a 6.00% APR coupon (with semi-annual payments). Dr. Pope would like a 4.00% APR return on the bond. How much is he willing to pay today for the Lulu bond? (ROUND TO THE NEAREST DOLLAR)
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