Question 1 Not complete Marked out of 1.0 Flag question An investor is purchasing at issue 10,000 nominal a bond with a term of 25 years that is redeemable at 111%. The bond pays coupons of 5.3% per annum at every 4 months in arrears. Assuming that the investor is subject to 24% income tax and is looking to obtain an annual effective yield of 5.6%, calculate, to 2 decimal places, the price paid by the investor