Assume that you are considering the purchase of a 15-year bond with an annual coupon rate of 9.5%. The bond has face value of $1,000 and makes semiannual interest payments. If you require a 9.0% nominal yield to maturity on this investment, what is the maximum price you should be willing to pay for the bond?

Group of answer choices

961.57

925.28

1040.72

1083.90

1,129.69