7. You intend to purchase a 25-year, $1,000 face value bond that pays interest of $58 every 6 months. If your nominal annual required rate of return is 11.2 percent with semiannual compounding, how much should you be willing to pay for this bond? O $833.37 O $1,133.37 O $933.37 O $733.37 O $1,033.37

You intend to purchase a 25 -year, $1,000 face value bond that pays interest of $58 every 6 months. If your nominal annual required rate of return is 11.2 percent with semiannual compounding, how much should you be willing to pay for this bond? $833.37 $1,133.37 $933.37 $733.37 $1,033.37