A bond with 10 years to maturity is paying 5% coupons semi-annually, and the last coupon has just been paid. The face value is $1,000 and the yield to maturity is 7% p.a. What is the price today closest to:

A) $857.88 B) $866.72 C) $1,000.00 D) $1,224.32 E) None of the above

Please give detailed solution and formula you used

11. A bond with 10 years to maturity is paying 5% coupons semi-annually, and the last coupon has just been paid. The face value is $1,000 and the yield to maturity is 7% pa. What is the price today closest to: A) $857.88 B) $866.72 C) $1,000.00 D) $1,224.32 E) None of the above