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I will rate and thank you! Assume that you are considering the purchase of a 30-year, noncallable bond with an annual coupon rate of 10.0%.

I will rate and thank you!
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Assume that you are considering the purchase of a 30-year, noncallable bond with an annual coupon rate of 10.0%. The bond has a face value of $1.000, and it makes semiannual interest payments. If you require an 12.0% nominal yield to maturity on this investment, what is the maximum price you should be willing to pay for the bond? You are not required to show calculations. However to receive credit you must provide the inputs used (N, PMT, FV, IY, PV) to solve. If you utilize a template, you can copy and paste the section used in the submission. $838.39 $1,189.29 O $1,000.00

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