If your nominal annual required rate of return is 120, Financial Management

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If your nominal annual required rate of return is 120

You intend to purchase a 15-year, $1,000 face value bond that pays interest of $55 every 6 months.

If your nominal annual required rate of return is 12.0 percent with semiannual compounding, how much should you be willing to pay for this bond?

What is the bond value? Please show detail of work so I can follow and understand.

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Financial Management: If your nominal annual required rate of return is 120

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Financial Management: If your nominal annual required rate of return is 120

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