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Kane Corporations bonds pay coupon payments semiannually and have a $1,000 par value, a 15% coupon, 16 years to maturity, and an 14% YTM. What

Kane Corporations bonds pay coupon payments semiannually and have a $1,000 par value, a 15% coupon, 16 years to maturity, and an 14% YTM. What is the bonds price?

Select one:

a. $1,063.23

b. $542.73

c. $1,047.23

d. $2,011.72

e. $939.93

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