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Homer Homer plans to issue a bond that pays 6.66 percent coupon bonds with semiannual payments and a yield to maturity of 7.24 percent. The

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Homer Homer plans to issue a bond that pays 6.66 percent coupon bonds with semiannual payments and a yield to maturity of 7.24 percent. The bonds mature in seven years and has a face value of $1,000. What is the market price of bond? A. $1060.60 B. $968.58 C. $936.18 OD. $999.13 E. $1003.58

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