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Please show all work and write down the equations you used!!! Rosenworcel Corp. has a $ 1 , 0 0 0 par value bond with

Please show all work and write down the equations you used!!!
Rosenworcel Corp. has a $1,000 par value bond with a 5% coupon rate (paid semiannually) and a fifteen year maturity.
Let's assume that the market believes the Yield to Maturity on this bond should be 6%.
Assuming that the bond was just issued, calculate the current market price of the bond. (1 point)
a. $902.00
b. $1,238.76
c. $1,245.27
d. $1,392.01
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