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Podalic, Inc., has 9% percent coupon bonds on the market with 12 years left to maturity. The bonds make semi- annual payments and have a

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Podalic, Inc., has 9% percent coupon bonds on the market with 12 years left to maturity. The bonds make semi- annual payments and have a par value of $1,000. If the bonds have a yield to maturity of 6.9 percent, what is the price? Select one: a. $1895.94 b. $1796.31 c. $1162.50 d. $1169.50

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