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A bond has a 15-year maturity, a 7.25% semiannual coupon, and a par = $1,000. The yield to maturity (r d ) is 6.20%, and

A bond has a 15-year maturity, a 7.25% semiannual coupon, and a par = $1,000. The yield to maturity (r_d) is 6.20%, and semiannual compounding. What is the bonds price?

a. $1,047.91

b. $1,074.50

c. $1,101.58

d. $1,129.21

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