A company has a 5 year 7% bond that pays interest semi-annually, has a face value of $1,000 and has YTM = 7%. Which of the following is the correct method for finding the price?

(a) Price = 35/(1.035) + 35/(1.035²) + ... + 35/(1.035¹⁰) + 1000/(1.035¹⁰)

(b) Price = 70/(1.07) + 70/(1.07²) + ... + 70/(1.07⁵) + 1000/(1.07⁵)

(c) Price = 35/(1.045) + 35/(1.045²) + ... + 35/(1.045¹⁰) + 1000/(1.045¹⁰)

(d) Price = 45/(1.035) + 45/(1.035²) + ... + 45/(1.035¹⁰) + 1000/(1.035¹⁰)