J&J Manufacturing just issued a bond with a $$1,000$ face value and a coupon rate of $7\%.$ If the bond has a li $20$ years, pays annual coupons, and the yield to maturity is $7\%,$ what will the bond sell for?E$.$ $$1,111\mathrm{.}8$D$.$ $$1,087\mathrm{.}3.$ $$975\mathrm{.}9$B$.$ $$1,000\mathrm{.}0$C$.$ $$1,025\mathrm{.}3$The High Noon Corporation offers a $12\%$ bond with a current market price of $$914\mathrm{.}32.$