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The Sisyphean Company has a bond outstanding with a face value of $1,000 that reaches maturity in 10 years. The bond has an 8% (annual)

The Sisyphean Company has a bond outstanding with a face value of $1,000 that reaches maturity in 10 years. The bond has an 8% (annual) coupon rate with semi-annual payments. The required return on the bond is 5.54% (annual). The Price of the bond is closest to:

a) $1,049.79

b) $2,896.08

c) $1,186.95

d) $1,000.00

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