$15$ The Brashear Corporation issued $10-$year bonds that have a $7$ percent coupon rate, payable semiannually. The bonds mature in $7$ years, have a par value of $$1,000,$ and a yield to maturity of $5\mathrm{.}30$ percent. What is the current price of the bonds?

a$.$ $$1,098\mathrm{.}35$

b$.$ $$1,074\mathrm{.}24$

c$.$ $$964\mathrm{.}05$

$PMT=70$

d$.$ $$825\mathrm{.}19$

e$.$ None of the above is within $$5$

$10$

$10n$

$7I$

$70Mm+$

$1000FV$

$PV$