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Grohl Co. issued 11-year bonds a year ago at a coupon rate of 11 percent. The bonds make semiannual payments. If the YTM on these

Grohl Co. issued 11-year bonds a year ago at a coupon rate of 11 percent. The bonds make semiannual payments. If the YTM on these bonds is 7 percent, what is the current bond price?

A. $660.64

B. $1,294.25

C. $1,185.03

D. $1,501.43

E. $1,284.25

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