ment: HW - Ch 7 Assignment Score: 0.00% Save Submit Assignment for Grading is MC.07.082 Question 5 of 12 Check My Work Assume that you are considering the purchase of a 20-year, noncallable bond with an annual coupon rate of 9.5%. The bond has a face value of $1,000, and it makes semiannual interest payments. If you require an 10.7% nominal yield to maturity on this investment, what is the maximum price you should be willing to pay for the bond? a. $874.74 b. 5901.80 c5910.81 d. 51,000.99 e. $721.44 Check My Work