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Show your work Schallheim Corporations outstanding bonds have a $1,000 par value, a 7 percent semiannual coupon, 16 years to maturity, and an 8.5 percent

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Schallheim Corporations outstanding bonds have a $1,000 par value, a 7 percent semiannual coupon, 16 years to maturity, and an 8.5 percent yield to maturity (YTM). What is the bonds price?

a. $914.20

b.$1,000.00

c.$455.00

d.$871.37

e.$870.11

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