A corporate bond has a coupon rate of 7%, a face value of $100 and a maturity of 5 years. Assume that coupon payments are made semi-annually, and investors require a 6% return.

Group of answer choices

The value of the bond is $97.86.

There is only one face value of $100 paid in 5 years.

Each coupon payment is $3 every six months for five years.