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Bonds X and Y are identical, including the risk class. The only difference between A and B is in the coupon payment as shown below.

Bonds X and Y are identical, including the risk class. The only difference between A and B is in the coupon payment as shown below.

Bond XBond YFace value$1,000$1,000Annual Coupon Payment$120$130Payment FrequencySemiannualAnnualYears to maturity1515Price$934.71?

What is the price of bond Y?

A.$925.88

B.$1,007.15

C.$989.75

D.$940.92

E.$956.95

F.$973.44

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