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Sweeney Sailboats bonds have 9 years remaining to maturity. Interest is paid annually; they have a $1,000 par value; the coupon interest rate is 8

Sweeney Sailboats bonds have 9 years remaining to maturity. Interest is paid annually; they have a $1,000 par value; the coupon interest rate is 8 percent; and the yield to maturity is 7.5 percent. What is the bonds current market price?

a.

$1,080.00
b.

$510.31
c.

$1,000.00
d.

$773.92
e.

$1,031.89

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