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7. Disney issued a 30-year bond with a par value of $1,000, last year, with a coupon that pays $35 annually. At the time of
7. Disney issued a 30-year bond with a par value of $1,000, last year, with a coupon that pays $35 annually. At the time of issue, the bonds sold at par. Assuming semi-annual payments and a 4.125% yield to maturity, what is the current price of the Firm's bonds? (Select the closest number) a. $978.59 b. $978.97 c. $978.79 d. $987.60
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