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What is the highest price you would be willing to pay for these bonds? Question 3 1 pts ABC Company is raising funds by selling

What is the highest price you would be willing to pay for these bonds?

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Question 3 1 pts ABC Company is raising funds by selling bonds. The bonds mature in 14 years, have a 7% coupon and a par value of $1,000. You consider the bonds to be above average risk and will only invest if you can earn a 11% return. What is the highest price you would be willing to pay for these bonds? Answer to 2 decimal places, for example 100.21

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