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Crimson Tide Incorporated has a bond trading on the secondary market that will mature in six years. The bond pays a semi-annual coupon with a

Crimson Tide Incorporated has a bond trading on the secondary market that will mature in six years. The bond pays a semi-annual coupon with a coupon rate of 8.375\% APR. Based on the economy and risk associated with Crimson Tide, you seek a 13.96\% APR return on Crimson Tide debt. The face value of the bond is $1,000. What price are you willing to pay for the bond? Answor format: Currency: Aound to: 2 decimal places

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