QUESTION $15$

You are eyeing an investment in a corporate bond which has a YTM of $12\mathrm{.}24\%,$ and a stated rate of interest of $2\mathrm{.}91\%$ with a maturity of $100$ years. What is the price of this bond?

a$.$ $$475\mathrm{.}49$

b$.$ $$237\mathrm{.}75$

c$.$ $$118\mathrm{.}88$

d$.$ $$237\mathrm{.}75$