You'd like to buy a 20-year, noncallable bond with an annual coupon rate of 8.4% paid semi-annually. The bond has a par value of $1,000. If you require an 7.75% nominal yield to maturity on this investment, what should you be willing to pay for the bond?

	a.	$1065.54
	b.	$565.07
	c.	$1065.02
	d.	$1912.53
	e.	$1044.66

Question 3 10 points Save Answer You'd like to buy a 20-year, noncallable bond with an annual coupon rate of 8.4% paid semi-annually. The bond has a par value of $1,000. If you require an 7.75% nominal yield to maturity on this investment, what should you be willing to pay for the bond? O a. S1065,54 O b. 565.07 O c. $1065.02 Od. $1912.53 O e. $1044,66