Bearcat Corporation is offering bonds to the market with a coupon of 15 percent. The bonds make semiannual payments and currently have a yield to maturity of 11.78 percent. The bonds will mature in 14 years and have a face value of $1,000. What should be the current market price of each bond? O $652.75 O $1,150.67 O $815.67 O $1,218.29 O $1,215.85 L

Bearcat Corporation is offering bonds to the market with a coupon of 15 percent. The bonds make semiannual payments and currently have a yield to maturity of 11.78 percent. The bonds will mature in 14 years and have a face value of $1,000. What should be the currengmarket price of each bond? $652.75 $1,150,67 $815.67 $1,218.29 $1,215,85