Calculate your answer to at least 2 decimal places. Gibraltar Industries is issuing a bond with a 5.25% coupon rate that matures in 15 years. At a yield to maturity of 5.90%, the price per $100 is closest to: A. $93.65. B. $93.59. C. $106.69.

Note well: unless stated otherwise, we assume bonds pay coupons semi-annually and would therefore make the appropriate adjustments to our calculations