Problem for Wednesday evening $($December $13$th$,2023)$Suppose that an investor has an eight$-$year investment horizon $(16$ semesters$).$ The investor is considering a $14-$year $8\%$ coupon bond selling at par $($$ $1000).$ The investors expectations are as follows:$1.$ The first six $(6)$ semiannual coupon payments can be reinvested from the time of receipt to the end of the investment horizon at a simple annual interest rate of $7\%\mathrm{.}2.$ The last tent $(10)$ semiannual coupon payments can be reinvested from the time of receipt to the end of the investment horizon at a $9\%$ simple annual interest rate$\mathrm{.}3.$ The required yield to maturity on six$-$year bonds at the end of the investment horizon will be $12\mathrm{.}9\%$