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MC algo 7 - 7 Bond Pricing Whatever, Incorporated, has a bond outstanding with a coupon rate of 6 . 0 2 percent and semiannual

MC algo 7-7 Bond Pricing
Whatever, Incorporated, has a bond outstanding with a coupon rate of 6.02 percent and semiannual payments. The yield to maturity is 5.9 percent and the bond matures in 16 years. What is the market price if the bond has a par value of $1,000?
Multiple Choice
$1,015.21
$1,012.21
$1,032.56
$1,012.32
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