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The bonds of Microhard, Inc. carry a 1 0 % annual coupon, have a $ 1 , 0 0 0 face value, and mature in

The bonds of Microhard, Inc. carry a 10% annual coupon, have a $1,000 face value, and mature in four years. Bonds of equivalent risk yield 7%. What is the market value of Microhard's bonds?
Question 6 options:
$1,011.20
$1,087.25
$1,095.66
$1,101.62
$1,160.25

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