Bond Valuation.$$Emma is considering purchasing bonds with a par value of $$$$20$ comma $000.$ The bonds have an annual coupon rate of $9\%$ and six years to maturity. The bonds are priced at $$$$19$ comma $268.$ If Emma requires an $11\%$return$,$ should she buy these$$ bonds?

Part $2$

If Emma requires an $11\%$return$,$ the amount she should be willing to pay for the bonds is $$$

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enter your response here. $($Round to the nearest$$ dollar.$)$