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Kirk Enterprises issued 20-year bonds a year ago at a coupon rate of 10.2 percent. The bonds make semiannual payments. The yield-to-maturity on these bonds

Kirk Enterprises issued 20-year bonds a year ago at a coupon rate of 10.2 percent. The bonds make semiannual payments. The yield-to-maturity on these bonds is 9.2 percent. What is the current bond price?

a. $985.55

b. $991.90

c. $1,042.16

d. $1,089.02

e. $1,098.00

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