EXPLAIN WHY PLZ

What is the current market price (the intrinsic value) of the bond D?.

The answer should be calculated to two decimal places.

You can use financial calculator, or Excel financial function PV.

	The Current Market Annual Interest Rate (r)	Number of Years to Maturity (n)	Annual Coupon Rate, (paid annually) (k)	Par Value	Current Market Price of the Bond (the Bond Intrinsic Value)
Bond A	7%	20	13%	$1,000
Bond B	6.5%	12	5.7%	$1,000
Bond C	4.3%	9	8.3%	$1,000	?
Bond D	15.8%	30	11.5%	$5,000

Question options:

a) 926.73

b)1,293.39

c)976.92

d)1,164.82