Suppose you require an annual interest rate of 8% from all your bond investments. You plan to purchase the following bond and hold on to it till maturity. Coupon Rate: 8.9% Maturity Date: 12/07/2028 Par value: $1,000 What should be the maximum price you pay for it now (i.e., 12/07/2020) so that you earn no less than the required 8% per year?