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The BB Bus Corporation has 15-year, non-callable, 9% semi-annual coupon bonds outstanding with 9 years remaining until maturity. They are currently trading at $1,034. What

The BB Bus Corporation has 15-year, non-callable, 9% semi-annual coupon bonds outstanding with 9 years remaining until maturity. They are currently trading at $1,034. What is the semi-annual payment on this bond?

a. $45

b. $46.53

c. $50

d. $90

e. There is not enough information to answer this question.

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