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Doc Inc. just is offering a 10-year bond at a price of $950.00. The bond has a coupon rate of 8% and pays the coupon

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Doc Inc. just is offering a 10-year bond at a price of $950.00. The bond has a coupon rate of 8% and pays the coupon semiannually. Similar bonds in the market offers a yield of 7% today. Should you buy the bonds at the offered price? (Round to the nearest dollar) a. Additional information needed b. Yes, the bond is worth more at $951. c. Yes, the bond is worth more at $1,071 Cd. No, the bond is only worth $929. e. No, the bond is only worth $920

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