Large corporations often need to borrow a large amount of money for, say, their expansion projects. Instead of asking for a bank loan, they can decide to borrow in the open market by selling a large number of corporate bonds. The price received from selling each bond becomes a "mini loan" that will then need to be repaid over a number of years. GIVEN: - The corporation issued 6 percent coupon bonds 3 years ago. - At that time they had 14 years to maturity. - The face value of each is $1,000. - They are making semiannual payments to their holders. - The yield to maturity on these bonds is 10 percent. Today, if you wanted to buy such bonds, how much would you be payin