Video Excel Online Structured Activity: Bond valuation You are considering a 25-year, $1,000 par value bond. Its coupon rate is 10%, and interest is paid semiannually. The data has been collected in the Microsoft Excel Online Hebelow. Open the spreadsheet and perform the required analysis to answer the question below. x Open spreadsheet If you require an effective annual interest rate (not a nominal rate) of 11.6%, how much should you be willing to pay for the bond? Do not found Intermediate steps. Round your answer to the nearest cent. Check My Work Bee Pro Clipboard Font Alignment Undo B10 Bond valuation AWNE Years to maturity Par value of bond Coupon rate Frequency interest paid per year Effective annual rate 25 $1,000.00 10.00% 2 11.60% 7 9 Calculation of periodic rate: Nominal annual rate Periodic rate Formulas #NA 11 UNIA 12 Formulas #N/A 0.00% 13 Calculation of bond price: 14 Number of periods 15 Interest rate per period 16 Coupon payment per period 17 Par value of bond 18 Price of bond $1,000.00