Question: Please make sure to answer this correctly. It has already been answered incorrectly twice. Question 1 2.5 pts You are considering buying a semi-annual coupon

Please make sure to answer this correctly. It has already been answered incorrectly twice.

Question 1 2.5 pts You are considering buying a semi-annual coupon bond with a stated coupon rate of 6 % (note that the stated rate is in annual terms). There are 11 years to maturity remaining on it. Your required rate of return is 7.2 % per year, How much should you be willing to pay for this bond? (Round your answer to three decimal places. For example 1.23450 or 1.23463 will be rounded to 1.235 while 1.23448 will be rounded to 1.234)

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