He Assume that you are considering the purchase of a 20 year, noncaltable bond with an annual coupon rate of 8.60 percent. The bond has a face value of $1.000, and it makes semiannual Interest payments. If you require an 8.95 percent nominal yleld to maturity on this investment, what is the maximum price you should be willing to pay for the bond? Multiple Choice 594993 $97220 o o 5967.68 $95874 O $95432 10 02 Colla MacBook All 70 5. BO DDO 000 FS * # 3 $ 4 % 5 & 7 8 9 0 2 Y 0 Y R P U W T E C G H KL C