Assume that you are considering the purchase of a 20-year, noncallable bond with an annual coupon rate of 9.5%. The bond has a face value of $1,000, and it makes semiannual interest payments. If you require an 8.4% yield to maturity on this investment, what is the present value of the bond? $1,190.71 O $1,161.67 $1,220.48 O $1.105.69 $1.133.34