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Queen and Bees, Inc. offers a 7 % coupon bond with semiannual payments and a yield to maturity of 7 . 7 3 % .

Queen and Bees, Inc. offers a 7% coupon bond with semiannual payments and a yield to maturity of 7.73%. The bonds mature in 9 years. What is the market price of a $1,000 face value bond?
a) $1,401.86
b) $1,108.16
c) $953.28
d) $1,401.26
e) $963.88
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