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Dunder-Mifflin has $1,000 par bonds with a semi-annual coupon of 5.5% and 8 years to maturity that trade at a yield of 3.15%. What should

Dunder-Mifflin has $1,000 par bonds with a semi-annual coupon of 5.5% and 8 years to maturity that trade at a yield of 3.15%. What should be the current price of the bonds? A. $950.33 B. $1,165.04 C. $1,551.31 OD. $392.50

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