You have just purchased a 10-year, 1,000 par value bond. The coupon rate on this bond is 8 percent annually, with interest being paid each 6 months. If you expect to earn a 10 percent nominal rate of return on this bond, then how much did you pay for it?

Question 9 options:

$812.15

$875.39

$950.75

$1,003.42

$1,122.87