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Excel Online Structured Activity: Bond valuation You are considering a 1 5 - year, $ 1 , 0 0 0 par value bond. Its coupon

Excel Online Structured Activity: Bond valuation
You are considering a 15-year, $1,000 par value bond. Its coupon rate is 11%, and interest is paid semiannually. The data ha been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the question below.
Open spreadsheet
If you require an "effective" annual interest rate (not a nominal rate) of 9.03%, how much should you be willing to pay for the bond? Do not round intermediate steps. Round your answer to the nearest cent.
$
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