Assume that you are considering the purchase of a 20 year, noncaltable bond with an annual coupon rate of 60 percent. The bond has a face value of $1000, and it makes semiannual interest payments. If you require an 8.90 percent nominal yield to maturity on this investment, what is the maximum price you should be willing to pay for the bond? Mulle Chance $972 20 $96768 $954 32 $958 74 O $94993