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Help Assume that you are considering the purchase of a 20 year, noncaltable bond with an annual coupon rate of 8 60 percent The bond

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Help 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 930 percent nominated to maturity on this investment, what is the maximum price you should be willing to pay for the bond? Multiple Choice $958.74 $96768 $97220 $949.93

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