Qu$$stion $27$

$5$ points

Seven years ago North Central Positronics $($NPC$)$ issued fifteenyear $13\mathrm{.}0\%$ semi$-$annual coupon bonds each with a $$1,000$ face value. Since then, interest rates have generally fallen an the yield to maturity on the NPC bonds is now $10\mathrm{.}5\%.$ Give this information, what is the price today for a NPC bond?

$$546$

$$944$

$$656$

$$787$

$$1,133$