Question 9 1 pts Titan Co. has a credit rating of Baa, and its outstanding 10% coupon bond have 19 years remaining until maturity. If the credit spread for Baa bonds over Treasuries is 5.8%, and the yield on comparable Treasuries is 3%, what is a fair price for Titan Co.'s bonds? Use a par value of $1,000 and assume semi-annual coupon payments. Enter your answer as a positive number rounded to the nearest penny.