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A newly issued 10-year maturity, 5% coupon bond making annual coupon payments is sold to the public at a price of $890. The bond will

A newly issued 10-year maturity, 5% coupon bond making annual coupon payments is sold to the public at a price of $890. The bond will not be sold at the end of the year. The bond is treated as an original-issue discount bond. Whats the constant yield price? (Do not round intermediate calculations. Round your answer to 2 decimal places.) A. $898.14 B. $1000 C. $930 D. $1225

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