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The Country Inn has bonds outstanding with a par value of $ 1 , 0 0 0 each and a 5 . 2 5 %

The Country Inn has bonds outstanding with a par value of $1,000 each and a 5.25% coupon. The bonds mature in 8.5 years and pay interest semiannually. What is the current value of each of these bonds if the yield to maturity is 6.0%?
Multiple Choice
$938.40
$950.63
$988.55
$1,004.36
$1,009.47

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