Question: You are considering a 3 0 - year, $ 1 , 0 0 0 par value bond. Its coupon rate is 9 % , and

You are considering a 30-year, $1,000 par value bond. Its coupon rate is 9%, and interest is paid semiannually. The data has been collected in the Microsoft Excel Online file below.
If you require an "effective" annual interest rate (not a nominal rate) of 9.11%, how much should you be willing to pay for the bond? Do not round intermediate steps. Round your answer to the nearest cent.\table[[D21,vv,vvfx,,,],[,A,B,C,D],[1,Bond valuation,,,],[2],[3,Years to maturity,30,,],[4,Par value of bond,$1,000.00,,],[5,Coupon rate,9.00%,,],[6,Frequency interest paid per year,2,,],[7,Effective annual rate,9.11%,,],[8],[9,Calculation of periodic rate:,,,Formulas],[10,Nominal annual rate,8.91%,,#NA
 You are considering a 30-year, $1,000 par value bond. Its coupon

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