Assume that you are considering the purchase of a 20-year, noncallable bond with an annual coupon rate of 9.4%. The bond has a face value of $1,000, and it makes semiannual interest payments. If you require a 13.0% nominal yield to maturity on this investment, what is the maximum price you should be willing to pay for the bond? O a. $745.38 O b. $788.60 c. $416.95 O d. $801.67 Oe. $725.16

Issume that you are considering the purchase of a 20-year, noncallable bond with an annual coupon ate of \9.4. The bond has a face value of \\( \\$ 1,000 \\), and it makes semiannual interest payments. If you equire a \13.0 nominal yield to maturity on this investment, what is the maximum price you should e willing to pay for the bond? a. \\( \\$ 745,38 \\) b. \\( \\$ 788.60 \\) c. \\( \\$ 416.95 \\) d. \\( \\$ 801.67 \\) e. \\( \\$ 725.16 \\)