Jeremy Kohn is planning to invest in a 8-year bond that pays a 10 percent coupon. The current market rate for similar bonds is 8 percent. Assume semiannual coupon payments. What is the maximum price that should be paid for this bond? (Do not round intermediate computations. Round your final answer to the nearest dollar.) $1,000 $1117 $1056 none of these are correct. $1,195