Assume that you can purchase a 15-year. $1,000 face value bond which pays interest on a semiannual basis, for $1,324.23. If the market's effective annual required rate of return is 8.16 percent for 4 percent semi-annually), how much interest does this bond pay each year? $117.50 $132.19 $126.48 $56.37 $64.81