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I have no clue what formula to use. NOT IN EXCEL, pen, and paper! 5) A $1,000 face value bond currently has a yield to

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I have no clue what formula to use. NOT IN EXCEL, pen, and paper!

5) A $1,000 face value bond currently has a yield to maturity of 6.03 percent. The bond matures in thirteen years and pays interest semiannually. The coupon rate is 6.25 percent. What is the current price of this bond? A) $987.42 B) $980.02 C) $1,005.26 D) $1,019.63 E) $1,011.69

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