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Assume that you wish to purchase a 30-year bond that has a maturity value of $1,000 and a coupon interest rate of 9.5% paid semiannually.

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Assume that you wish to purchase a 30-year bond that has a maturity value of $1,000 and a coupon interest rate of 9.5% paid semiannually. If you requirea 6.75% rate of return on this investment, what is the maximum price that you should be willing to pay for this bond? A) 51.352 B) 5675 C) $1.450 D) $1,111

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