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Alum Corp. offers 7 percent coupon bonds with semiannual payments and a yield to maturity of 5.6 percent. The bonds mature in 10 years. What

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Alum Corp. offers 7 percent coupon bonds with semiannual payments and a yield to maturity of 5.6 percent. The bonds mature in 10 years. What is the market price per bond if the face value is $1,000? a) $1,030.31 ) b) $991.47 c) $802.97 d) $996.48 e) $1,106.09

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