Maxzone Corporation issued 12-year, 6% annual coupon bonds at their par value of $1,000 four years ago. Today, the market interest rate on these bonds are 8%. What is the maximum price you would be willing to pay for this bond? $933.76 O $885.07 $1,000.00 O $1,124.20

Question 5 1 pt Maxzone Corporation issued 12-year, 6% annual coupon bonds at their par value of $1,000 four years ago. Today, the market interest rate on these bonds are 8%, What is the maximum price you would be willing to pay for this bond? $933.76 $885.07 $1,000.00 $1,124.20