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A company issued a 14-year, $35,000 face value, 7 percent semi-annual coupon rate bond. If the bonds yield to maturity is 7.5%, what is the

A company issued a 14-year, $35,000 face value, 7 percent semi-annual coupon rate bond. If the bonds yield to maturity is 7.5%, what is the market value of the bond?

Select one:

a. $33,499.02

b. $33,068.88

c. $33,891.27

d. $33,408.00

e. $32,549.45

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