52. Wade purchased a noninvestment grade bond for $1,038.90 exactly 2 years ago today. The bond had a maturity of 5 years and coupon rate of 10 years (paid semiannually). Assuming the rates below are the prevailing rates for this type of bond at different maturity dates, how much could wade sell his bond for today? maturity 1 year 2 years 3 years 5 years Interest rate 6% 6.5% 7% 8.5% a. $1,038.90 b. $1,060.08 c. $1,078.73 d. $1,079.93