Problem 7.17 Nanotech, Inc, has a bond sue maturing in seven years that is paying a coupon rate of 8.13 percent (semiannual payments), Management wants to retire a portion of the issue by buying the securities in the open market. If it can refinance at 6.92 percent, how much will Nanotech pay to buy back its current outstanding bonds? (Round Intermediate calculations to decimal places 0.9. 1.2514 and final answer to 2 decimal places, c.9. 15.25.) Nanotech will pay Click if you would like to Show Work for this question One Show Work