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Moerdyk Corporation has a 7.25% semiannual coupon bond with 15-years to maturity and a par value of $1,000. The yield to maturity is (r d)

Moerdyk Corporation has a 7.25% semiannual coupon bond with 15-years to maturity and a par value of $1,000. The yield to maturity is (r d) is 5.30%. What is the bonds price?

a. $948.04

b. $1,224.05

c. $1,500.06

d. $1,200.05

e. $1,164.05

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