Problem 13-06 Your broker offers to sell for $1,223 a AAA-rated bond with a coupon rate of 7 percent and a maturity of nine years. Given that the interest rate on comparable debt is 4 percent, calculate the bond's price. Assume that the bond pays interest annually. Use Appendix B and Appendix D to answer the question. Round your answer to the nearest dollar $ Is your broker fairly pricing the bond? -Select- so the bond -Select- be purchased