Problem 7-1 (similar to) Question Help (Bond valuation) Bellingham bonds have an annual coupon rate of 12 percent and a par value of $1,000 and will mature in 5 years. If you require a return of 7 percent, what price would you be willing to pay for the bond? What happens if you pay more for the bond? What happens if you pay less for the bond? a. The price you would be willing to pay for the bond is $ 1,205.01. (Round to the nearest cent.) for the bond because the expected rate of return for the bond is than your required rate of b. The bond is not an acceptable investment if you pay return(Select from the drop-down menus.) loss more Click to select your answer(s) and then click Check Answer. All parts showing Final Check