You are enjoying the baseball games with your friends and a favorite beverage. As loyal Yankees, dutifully wearing your pinstripes, you are encouraged by your early performance and are so inclined to think about investing in Yankee Club bonds; your research tells you the proper risk premium for the 14 yr Yankee Club bonds is 4.5%; given the information provided, if you buy Par Value = $1.0 Million of the 14 yr 12% coupon bonds, what is the total amount of money you need at closing. Remember the price is quoted as a % of par Issuer Time to Maturity (Yrs) Coupon Rate Compound (M =) Quoted Price (% of Par) US Treasury 14 9.0% 2 121 US Treasury 18 0.0% 1 27 Yankee Club 14 7.0% 2 Yankee Club 14 12.0% 2 Philly Hopeful 18 0.0% 2 11 Phill Hopeful 18 14.0% 2