7. Problem 7.16 (Bond Valuation) eBook You are considering a 30-year, $1,000 par value bond. Its coupon rate is 8%, and interest is paid semiannually. If you require an "effective" annual interest rate (not a nominal rate) of 7.1225%, how much should you be willing to pay for the bond? Do not round intermediate Calc e Calculations. Round your answer to the nearest cent. $ 1124.72 Grade it Now Save & Continue Continue without saving