Salveo, Inc., has a bond outstanding with a coupon rate of 3.5 percent and semiannual payments.

The yield to maturity is 3.9 percent and the bond matures in 9 years. What is the market price if the bond has a par value of $9000?

Select one:

a.7640.97

b.9819.3

c. 10074.47

d.8728.95

.7550.62