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Kramerica Industries issued 10-year, $1,000 par value bonds with a 7.6% annual coupon rate four years ago. Now, four years later, similar bonds are yielding

Kramerica Industries issued 10-year, $1,000 par value bonds with a 7.6% annual coupon rate four years ago. Now, four years later, similar bonds are yielding investors a market rate of 5.6%. How much are Kramericas bonds currently selling for? Assume that coupon payments are made semi-annually. Group of answer choices

$932.11

$1,070.79

$905.05

$1,100.74

Please show all work using BA 2 plus or Equations

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