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Green Coffee, Inc. bonds have a face value of $1,000. The bonds carry a 5.6 percent coupon, pay interest semiannually, and mature in 13.5 years.
Green Coffee, Inc. bonds have a face value of $1,000. The bonds carry a 5.6 percent coupon, pay interest semiannually, and mature in 13.5 years. What is the current price of these bonds if the yield to maturity is 6.82 percent?
A.
$1,382.51
B.
$509.83
C.
$894.53
D.
$453.31
E.
$893.46
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