eBook Problem Walk Through Bond X is noncallable and has 20 years to maturity, a 11% annual coupon, and a $1.000 ar value. Your required return on Bond X is 12%; if you buy it, you plan to hold it for years. You (and the market) have expectations that in 5 years, the yield to maturity on a 15-year bond with similar risk will be 7.5% How much should you be willing to pay for Bond X today? (Hint: You will need to know how much the bond will be worth at the end of years.) Do not round intermediate calculations. Round your answer to the nearest cent