Stephanie is considering buying a 20-year 1,000 par value bond with 6% annual coupons. The bond's issuer can call the bond just after the coupon has been paid at the end of any year from the 6th through 10th with a redemption value of 1,050, and at the end of any year from 11th through the 19th with a redemption value of 1,000. If it is not called, the bond will pay the maturity value of 1,000 at the end of 20 years. What is the highest price that Stephanie can pay for the bond to get a yield rate of at least 4% effective per annum? a. 1,144.36 b. 1,175.21 c. 1,089.04 d. 1,271.81 e. 1,196.00 A 1,000 par value bond with 8% semiannual coupons will mature at par on September 1, 2035. It is purchased on December 15, 2021 to yield a nominal annual rate of 6%, compounded semiannually. X is the quoted price of the bond on 12/15/2021, i.e., the price excluding the accrued coupon. The accrued coupon is based on the actual number of days. Determine X to the nearest whole number. a. 1,164 b. 1,192 c. 1,185 d. 1,183 e. 1,181 Stephanie is considering buying a 20-year 1,000 par value bond with 6% annual coupons. The bond's issuer can call the bond just after the coupon has been paid at the end of any year from the 6th through 10th with a redemption value of 1,050, and at the end of any year from 11th through the 19th with a redemption value of 1,000. If it is not called, the bond will pay the maturity value of 1,000 at the end of 20 years. What is the highest price that Stephanie can pay for the bond to get a yield rate of at least 4% effective per annum? a. 1,144.36 b. 1,175.21 c. 1,089.04 d. 1,271.81 e. 1,196.00 A 1,000 par value bond with 8% semiannual coupons will mature at par on September 1, 2035. It is purchased on December 15, 2021 to yield a nominal annual rate of 6%, compounded semiannually. X is the quoted price of the bond on 12/15/2021, i.e., the price excluding the accrued coupon. The accrued coupon is based on the actual number of days. Determine X to the nearest whole number. a. 1,164 b. 1,192 c. 1,185 d. 1,183 e. 1,181