Waliemart Corporation issued a bond that has a $15\%$ coupon rate, payable two time per year. The bonds mature in $7$ years, have a face value of $$1,000$ and a yield to maturity of $11\%.$ What is the price of the bond?

Question $19$Answer

a$.$

$$1,188\mathrm{.}49$

b$.$

$$926\mathrm{.}40$

c$.$

$$836\mathrm{.}49$

d$.$

$$1,191\mathrm{.}79$