CCI Inc. has a $9\mathrm{.}85\%$ bond that mature on March $15,2034.$ Assume that the interest on these bonds is paid quarterly. With a face value of $$1,000,$ what would the bond price be as of March $15,2024$ to an investor who holds the bond until maturity and requires an $10\mathrm{.}25\%$ rate of return?

Question $2$Answer

a$.$

$$975\mathrm{.}16$

b$.$

$$1,087\mathrm{.}39$

c$.$

$$944\mathrm{.}96$

d$.$

$$1,028\mathrm{.}02$