Question: Question 7 1 points Save Answer Assume that you are considering the purchase of a 30-year, noncallable bond with an annual coupon rate of 7.0%.

Question 7 1 points Save Answer Assume that you are considering the purchase of a 30-year, noncallable bond with an annual coupon rate of 7.0%. The bond has a face value of $1,000, and it makes semiannual interest payments. If you require an 9.0% nominal yield to maturity on this investment, what is the maximum price you should be willing to pay for the bond? You are not required to show calculations. However to receive credit you must provide the inputs used (N, PMT, FV, VY, PV) to solve. If you utilize a template, you can copy and paste the section used in the submission. $1,000.00 $1,249.45 $793.62

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