7. Chapter MC, Section .05, Problem 030.Alge Rogoff Co.'s 15-year bonds have an annual coupon rate of 9.5%. Each bond has face value of $1,000 and makes semiannual interest payments. If you require an 11% nominal yield to maturity on this investment, what is the maximum price you should be willing to pay for the bond? Select the correct answer. a. $889.86 b. $893.28 c. $891.00 d. $888.72 e. $892.14