Bank of America has bonds that pay a coupon interest rate of $5\mathrm{.}5$ percent and mature in $15$ years. If an investor has a required rate of return of $5\mathrm{.}8$percent$,$ what should she be willing to pay for the$$ bond? What happens if she pays more or$$ less?

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Part $1$

a$.$ The price she would be willing to pay for the bond is $$$

$$

enter your response here. $($Round to the nearest$$ cent.$)$