Help with finance exercises

BankMart Inc. recently issued bonds that mature in 12 years. They have a par value of $1,000 and an annual coupon of 5%. Your required rate of return is 10%. Hint: This bond pays a fixed amount of coupon at the end of each period and pays the par value when it matures. annual coupon payment = par value annual coupon rate Attempt 1/3 for 10 pts. What is the maximum price you want to pay for the bond