Your broker offers to sell for $$1,077$ a AAA$-$rated bond with a coupon rate of $6$ percent and a maturity of ten years. Given that the interest rate on comparable debt is $5$ 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.