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Seven years ago Emery Industries issued $1,000 par bonds with a 3.5% semi-annual coupon and 15 years to maturity at a price of 5975. Today

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Seven years ago Emery Industries issued $1,000 par bonds with a 3.5% semi-annual coupon and 15 years to maturity at a price of 5975. Today the bonds trade at a yield of 5.4%. What is the current price of the bonds? O A. $877.89 O B. $757.11 OC. $615.45 O D. $890.46

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