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Removalists of Junk Inc. is issuing a new nine-year bond at a face value of $1,000.00 with a coupon rate of 10.9%. Coupons are paid

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Removalists of Junk Inc. is issuing a new nine-year bond at a face value of $1,000.00 with a coupon rate of 10.9%. Coupons are paid quarterly. The risk-free yield to maturity on similar term bonds trading in the market is 6.0% and Removalists of Junk has a credit spread of 8.0%. What should be the market price of Removalists of Junk's bond? a. $842.75 b $1,333.28 c. $939.41 d. $894.92 $1,181.16

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