You have just purchased a 5-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 12 percent simple rate of return on this bond, how much did you pay for it? $1.122.87 $1.003.42 $875.38 $950.75 N. $852.80