Your broker offers to sell for $1,085 a AAA-rated bond with a coupon rate of 4 percent and a maturity of ten years. Given that the interest rate on comparable debt is 3 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. Interest Factors for the Present Value of One Dollar 0. 233 94 5 3 0 12 14 15% 16 18% 2009 0.0.03 096 97 900 81 BI BOB 2016/139508395 86 97 9 6 M3 | 18 1992 9158 BE BAD8164 25 165 6BE-91 19697438833 E63 6 992 52 552 95 3653 ) 650 156/ 59 49746 2% 78% 806 TER 650 610 57. 47 3 | 373 34191 516 410 35 *% 1.40 6 92 888 83890 THE US 564 507456432 314 51 42 400 376 1 178 93181 813 TO T11 1973 139 853 305 89 7316TT 206 9 914837 66 703 045 42446) ION 28463 (226 1.108 10905 820 744 15/6 | 422386322 20 247 227 191 1.085 | 996 804 722 27 45 420 388 350 NT_237 25 19 12 135 1094 066 | BBBB | 701 | Add 397 0818) 18 13 137 112 2016 052 | 879 3 | 681 163 145 116 093 .06] 14870 758 56] 57 505 442388 340 799 263 205 160 141 125 099 1049 1032 15 86 43 542 555 48] 417 362 315 25 29 183 140 123 .108 084 065 040 025 6 853728 458 34 339 292 252 218 163 123 107092 01 1032 7849716 605 | 436 31 317 70 231 198 146 108 093 OBD 060 B 836700 494 16 50 296 250 212 180 130 095081069 05] 19822 | 331 276 232 194 | 164 116 083 20 220 32 58 25 18 149 104 073 061051 037 026 014 00: 5 760 610 476 375 | 184 146 116 092 059 038 030 024 | 016 010 0 42 52 412 308 231 174 131 099 075 057 033 020 015 012 007 004 002 026 | 581 Interest Factors for the Present Value of an Annuity of One Dollar Time Period 1 2 3 4 5 1 25. 2% 4% 5% 6% 7 36 9 10% 12% 14% 16% 18% 20% 24% 28% 32% 36% 0.990 O ORO 0.971 0.962 0.952 0.943 0935 0.926 09170909 0.893 0877 0.862 0.847 0.833 0.806 0.781 0.758 0.735 1970 1942 1913 1.886 1.859 1.833 1808 1783 1.759 1736 1.690 1647 1.605 1.566 1.528 1.457 1.392 1.332 1.276 2941 2884 2.829 2.775 2.723 2.673 2624 2.577 2531 2487 2.402 2.322 2.246 2.174 2.106 1.981 1.868 1.766 1674 3.902 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.170 3.037 2.914 2.798 2.690 2.589 2.404 2.241 2.096 1.966 4.853 4.713 4.580 4.452 4.329 4.212 4.100 3.993 3.890 3.791 3.605 3.433 3.274 3.127 2.991 2.745 2.532 2.345 2.181 6 5.795 5.601 5.417 5242 5.076 4917 4.766 4.623 4.486 4.355 4.111 3.889 3.685 3.498 3.326 3.020 2.759 2.534 2.399 7 6 728 6 472 6.230 6.002 5.786 5.582 5.389 5.206 5.033 4.868 4.564 4.288 4039 3.812 3.605 3.242 2.937 2.678 2455 8 7652 7.325 7,020 6.733 6.463 6.210 5.971 5.747 5.535 5.335 4.968 4.639 4.344 4.078 3.837 3.421 3.076 2.786 2540 9 8.566 8.162 7.786 7435 7.108 6.802 6.515 6.247 5.985 5.759 5.328 4.946 4.607 4.303 4.031 3.566 3.184 2.868 2.603 109.471 8.983 8.530 8.111 7.722 7.360 7.024 6.710 6.418 6.145 5.650 5.216 4.833 4.494 4.193 3.682 3.269 2.930 2.650 11 12 13 14 15 10 368 9.787 9.253 8760 8.306 7.887 7.499 7.139 6 805 6.495 5.988 5.453 5.029 4.656 4.327 3.776 3.335 2.978 2.683 11 255 10.575 9.954 9 385 8.863 8.384 7943 7.536 71616.814 6.194 5.660 5.197 4.793 4.439 3.851 3.387 3.013 2.708 12.134 11 348 10.6359.986 9.394 8.534 8.358 7.904 7487 7.103 6.424 5.842 5.342 4910 4.533 3.912 3.427 3.040 2.727 13.004 12.106 11.296 10.563 9.899 9.295 8.745 8.244 7786 7.367 6.628 6.002 5.468 5.008 4.611 3.962 3.459 3.061 2.740 13.865 12.849 11.938 11.118 10.380 9.712 9.108 8.559 8.060 7.606 6,811 6.142 5.575 5.092 4.675 4.001 3.483 3.076 2.750 16 14.718 12.578 12.561 11652 10.838 10.106 9.447 8.851 8.3127 824 6974 6.265 5.660 5.162 4.720 4.0032502 10 2.758 17 15.562 14.292 13.166 12.166 11 274 10.477 9.763 9.122 8.544 8.00271206.373 5.749 5.222 4.7754.059 3.518 3.097 2.763 18 16 398 14992 13.754 12.659 11 690 10 828 10.059 9.372 8.756 8.2017.250 6.467 5.818 5.273 48124 ORO 3.529 3104 2767 1917.226 15 678 14 324 13.134 12.085 11.158 10.336 9.604 8.950 8.365 7366 6.550 5.877 5.316 4 844 409735393 109 2.770 20 18.046 16.351 14.877 13.590 12.462 11.470 10.594 9.818 9.128 8.514 7.469 6.623 5.929 5.353 4.870 4.110 3.546 3.113 2.772 25 22.023 19.523 17.413 15.622 14.094 12.783 11.654 10.675 9823 9.077 7843 6.873 6.097 5.467 4 948 4.147 3.564 3.122 2.776 30 25 808 22.937 19.600 17.292 15 373 13.765 12.409 11.258 10.274 9427 8.055 7.003 6.177 5.517 4979 4160 3569 3.124 2.778