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What is the value (to the nearest cent) of a 4 year 7.8% coupon bond with a face value of $1,000. The yield-to-maturity on the

What is the value (to the nearest cent) of a 4 year 7.8% coupon bond with a face value of $1,000. The yield-to-maturity on the bond is 13.4% and the bond makes semi-annual coupon payments.

Select one:

a. $830.84

b. $2560.82

c. $834.80

d. $604.71

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