Problem 8.02 Pierre Dupont just received a cash gift from his grandfather. He plans to invest in a five-year bond issued by Venice Corp, that pays an annual coupon rate of 5.5 percent. f the current market rate is 7.25 percent, what is the maximum amount Pierre should be willing to pay for this bond? (Round answer to 2 decimal places, e.g. 15.25.) Pierre should pay Open Show Work Click if you would like to Show Work for this