Assume you have a bond with a 5% coupon rate, a $1000 face value with semi-annual coupon payments of $25. If the bond matures in 4 years and similar bonds have a yield rate of 6%, then what is the current price of the bond?

Group of answer choices

25 ( 1 /.03 1 / .03 1.03^8 ) + 1000 / 1.03^8

25 ( 1 /.06 1 /.06 1.06^4 ) + 1000 / 1.06^4

25 ( 1 /.025 1 / .025 1.025^8 ) + 1000 / 1.025^8

25 ( 1 /.05 1 / .05 1.05^4 ) + 1000 /1.05^4

None of the above