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Question 12 (1 point) You are considering a 24-year, $1,000 par value bond. Its coupon rate is 10.50%, and interest is paid semiannually. If you

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Question 12 (1 point) You are considering a 24-year, $1,000 par value bond. Its coupon rate is 10.50%, and interest is paid semiannually. If you require an "effective" annual interest rate of 12.00%, how much should you be willing to pay for the bond? $883.24 $882.62 $907.06 $907.56 $1,000.00

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