Suppose that Tesla Motors issued a bond with $17$ years until maturity and a face value of $$100,$ and a coupon rate of $7\mathrm{.}5\%($annual payments$).$ The yield to maturity on this bond when it was issued was $6\mathrm{.}3\%.$ Assuming the yield to maturity remains constant, what is the price of the bond immediately before it makes its first coupon payment?

Suppose that Tesla Motors issued a bond with $17$ years until maturity and a face value of $$100,$ and a coupon rate of $7\mathrm{.}5\%($annual payments$).$ The yield to maturity on this bond when it was issued was $6\mathrm{.}3\%.$ Assuming the yield to maturity remains constant, what is the price of the bond immediately before it makes its first coupon payment?

$$119\mathrm{.}81$

$$119\mathrm{.}38$

$$112\mathrm{.}31$

$$111\mathrm{.}88$