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A corporate bond has ten years remaining until it matures. It pays a coupon semi-annually, was issued at par for $1000, the firm has a

A corporate bond has ten years remaining until it matures. It pays a coupon semi-annually, was issued at par for $1000, the firm has a ROI of 8.6 percent, and the bond was issued with an 8 percent coupon yield. The current interest rate is 6 percent. The current price of the bond is_________________. A. $1487.77 B. $897.66 C. $1148.77 D. Dont have enough information to find an answer.

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