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Jill is interested in a 9-year bond which pays a coupon of 8.1 percent annually and trades at a yield of 4.4% per annum. The

Jill is interested in a 9-year bond which pays a coupon of 8.1 percent annually and trades at a yield of 4.4% per annum. The face value is $1,000. What is the current price of this bond? (to the nearest cent)

Select one:

a. $678.73

b. $1272.54

c. $769.82

d. $1270.16

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