Click here to read the eBook: Bond Valuation BOND VALUATION Bond X is noncallable and has 20 years to maturity, a 11% annual coupon, and a $1,000 par value. Your You (and the market) have expectations that in 5 years, the yield to maturity on a 15- required return on Bond X is 9%; if you buy it, you plan to hold it for 5 years. year bond with similar risk will be 8.5%. How much should you be willing t : , for Bond X today? Chint: You wll need to know how much the bond vwill be worth at the end of 5 years.) Do not round intermediate st cent