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NEED IT ASAP!!! You purchase a 5-year corporate bond. The coupon rate of the bond is 8%, paid semi-annually, and its par value is $1,000.

NEED IT ASAP!!!

You purchase a 5-year corporate bond. The coupon rate of the bond is 8%, paid semi-annually, and its par value is $1,000. The YTM is 6%. What is the price of the bond?

A. $1,074.25

B. $996.33

C. $1,085.30

D. $955.47

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