BOND VALUATION Bond X is noncallable and has 20 years to maturity, a 8% annual coupon, and a $1,000 par alu. Your require return on Bond S8 fyou.b yo lan to Old Or 5 years. You (and the market) have expectations that in 5 years, the yield to maturity on a 15-year bond with similar risk will be 9.5%. How much should you be willing to pay for Bond X today? (Hint: You will need to know how much the bond will be worth at the end of 5 years.) Do not round intermediate calculations. Round your answer to the nearest cent