dude?

7. Juan calls his broker to ask about buying a Coco's Systems bond. His broker is trading at $ 1,360. Juan is concerned that the bond may be overpriced due to the facts involved. The $ 1,000 face value bond pays 7 percent interest and has 15 years left until maturity. The current yield to maturity of similar bonds is 10 percent. He calculates the new price of the bond and comments if he thinks it is overpriced in the market