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As a bond tund manager, you are considering 10-year corporate bonds issued by Mellon Bank (ME). Each ME bond has a $1,000 par value with

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As a bond tund manager, you are considering 10-year corporate bonds issued by Mellon Bank (ME). Each ME bond has a $1,000 par value with 8% anmual coupen rate. The coupons are paid cerni- anosily The esimited rate of retum on MB bond is 105 . What ts the price of the bond? A. 51,010.29 a. $87538 C. 594632 D. $831,31

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