QUESTION $4$

Hello Cat Corporation has bonds with $20$ years left until maturity, with a $7\%$ annual coupon and a par value of $$1,000.$ The yield$-$to$-$maturity on these bonds is $7\mathrm{.}5\%.$ What is the current price of the bonds?

A$.$

$$1,114\mathrm{.}70$

B$.$

$$1,078\mathrm{.}37$

C$.$

$$1,043\mathrm{.}73$

D$.$

$$1,010\mathrm{.}68$

E$.$

$$979\mathrm{.}14$

F$.$

$$949\mathrm{.}03$

G$.$

$$920\mathrm{.}27$

H$.$

$$901\mathrm{.}82$