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Posted: **Wed Jul 06, 2022 6:27 pm**

: Suppose You Just Purchased A 9 Year 1 000 Par Value Bond The Coupon Rate On This Bond Is 9 Annually With Interest B 1 (12.07 KiB) Viewed 12 times

Suppose you just purchased a 9 year, $1,000 par value bond. The coupon rate on this bond is 9% annually, with interest being paid semi-annually. If you expect to earn a 9% rate of return on this bond, how much did you pay for it? (Round your answer to two decimal point)