Table 6.1Assume the below information to answer the following question(s).Assume the below information to answer the following question(s).ModifyingAbove and below Start 2 By 1 Matrix 1st Row 1st Column Start 2 By 1 Matrix 1st Row 1st Column Bold EST EST VOL. 2nd Row 1st Column Bold Modifying Company Coupon Maturity Last Price Last Yield Spread UST left parenthesis 000 s right parenthesis with underline EndMatrix 2nd Row 1st Column Ford left parenthesis Upper F right parenthesis 11.0 July 31 comma 2014 65.50 question mark 104 10 5 comma 100 EndMatrix with brackets

ESTESTVOL.

CompanyCouponMaturityLastPriceLastYieldSpreadUST(000s)

Ford(F)11.0July31,201465.50?104105,100

Based on the Table 6.1, assume this bond's face value is $1,000. What is the bond's current market price?

A.

$65.00

B.

$655.00This is the correct answer.

C.

$650.00

D.

$6,550.00

$655.00 correct answer. Please give me a step by step.