MCA Healthcare issues a 5-year bond with a coupon rate of 7% and a face value of $100. The bond pays interest semiannually. What is the price of the bond if the yield to maturity is 6% compounded semiannually?

1)

$81.57

2)

$100.00

3)

$124.33

4)

$95.94

5)

$104.27

6)

$113.47

7)

$107.36

8)

$107.00

9)

$93.29

10)

$88.42