Question 1: The following information related to the bond are as follows: Face value of the bond $1,000 Coupon rate 12% Discounting rate/YTM (%) 4% Time of maturity (years) 6 Calculate the present value for the face value of the bond and also determine the current yield of the bond if the bond is sold at a price of $1,100. Choose an answer A: The present value for the face value of the bond is $1,220.00 and the current yield is 14.91%. B: The present value for the face value of the bond is $370.00 and the current yield is 187.50%. C: The present value for the face value of the bond is $1,265.32 and the current yield is 1.00%. D: The present value for the face value of the bond is $790.31 and the current yield is 10.91%