You intend to purchase a 3-year, $1,000 face value bond that pays interest of $39 every 6 months. If your nominal annual required rate of return is 2.2 percent with semiannual compounding, how much should you be willing to pay for this bond? O $1,181.72 O $1,171.72 O $1,161.72 O $1,191.72 O $1,201.72

You intend to purchase a 3-year, $1,000 face value bond that pays interest of $39 every 6 months. If your nominal annual required rate of return is 2.2 percent with semiannual compounding, how much should you be willing to pay for this bond? $1,181.72 $1,171.72 $1,161.72 $1,191.72 $1,201.72