Question: Mell Valuation x Back to Assignment Attempts Keep the Highest/1 10. Problem 7.16 (Bond Valuation) eBook You are considering a 15-year. $1,000 par value bond.

Mell Valuation x Back to Assignment Attempts Keep the Highest/1 10. Problem 7.16 (Bond Valuation) eBook You are considering a 15-year. $1,000 par value bond. Its coupon rate is 9%, 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 bonid? Do not round intermediate calculations, Round your answer to the nearest cent. $ Grade It Now Save & Continue Continue without saving a arch O FI E 11:06 PM 1/11/2021 Dk 40

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