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sssume that you are considering the purchase of a 15 -year, noncallable bond with an annual coupon rate of 9.8%. The bond has a face

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sssume that you are considering the purchase of a 15 -year, noncallable bond with an annual coupon rate of 9.8%. The bond has a face value of $1,000, and it nakes semiannual interest payments. If you require a 12.2% nominal yield to maturity on this investment, what is the maximum price you should be willing to ay for the bond? a. $836.57 b. $877.28 c. $508.07 d. $809.50 e. $884.21

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