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answer quick for thumbs up Klingsman National Brand has bonds that are rated AA by Standard and Poor's. The yield to maturity on AA bonds

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Klingsman National Brand has bonds that are rated AA by Standard and Poor's. The yield to maturity on AA bonds at the moment is 6.97%. You are trying to value a Klingsman bond that has 11.00 years until maturity and pays a 8.00% coupon. The bond has a $1,000 face value. What is the current price of this Klingsman National bond? Submit Answer format: Currency: Round to: 2 decimal places

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