Assume that you are considering the purchase of a 20-year, noncallable bond with an annual coupon rate of 8.60 percent. The bond has a face value of $1000, and it makes semiannual interest payments. If you require an 8.75 percent nominal yleld to maturity on this investment, what is the maximum price you should be willing to pay for the bond? Multiple Choice 11329 $976.75 $98133 $995 28 5985.95 599060 What is the PV of an ordinary annuity with 10 payments of 563,450 if the appropriate interest rate is 74 percent? Multiple Choice $465,104 $458.200 $444 417 $437,522 $451,313