Question: Back to Assignment Attempts Average / 1 12. Problem 7.16 (Bond Valuation) eBook You are considering a 25-year $1,000 par value bond. Its coupon rate

Back to Assignment Attempts Average / 1 12. Problem 7.16 (Bond Valuation) eBook You are considering a 25-year $1,000 par value bond. Its coupon rate is 10%, and interest in paid semiannually. If you require an effective and interest rate (nota nominal rate) of 9.2025%, how much should you be willing to pay for the bond? Do not round Intermediate calculations. Round your answer to the nearest cent. $ Grade It Now Save & Continue Continue without saving

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