Assume that you are considering the purchase of a 15-year bond with an annual coupon rate of 9.5%. The bond has face value of $1,000 and makes semiannual interest payments. If you require an 11.0% nominal yield to maturity on this investment, what is the maximum price you should be willing to pay for the bond?
A) $891.00
B) $913.27
C) $936.10
D) $959.51
E) $983.49

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The Answer of Assume that you are considering the purchase of a 15-year bond with an annual coupon rate of 9.5%. The bond has face value of $1,000 and makes semiannual interest payments. If you require an 11.0% nominal yield to maturity on this investment, what is the maximum price you should be willing to pay for the bond?
A) $891.00
B) $913.27
C) $936.10
D) $959.51
E) $983.49

Assume That You Are Considering the Purchase of a 15-Year