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Delco Accents has a 7 . 5 0 % coupon bond outstanding that was issued 3 years ago with an original maturity of 1 0

Delco Accents has a 7.50% coupon bond outstanding that was issued 3 years ago with an original maturity of 10 years. The bond pays interest semiannually. What is the market price of the bond if the par value is $1000 and the yield to maturity is 6.11%? A. $900.77 B. $1,102.87 C.$1,111.82O D. $1,078.21 E. $861.27

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