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What is the value (to the nearest cent) of a 4 year 5.9% 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 5.9% coupon bond with a face value of $1,000. The yield-to-maturity on the bond is 11.7% and the bond makes semi-annual coupon payments.

Select one: a. $818.84 b. $2447.84 c. $822.71 d. $642.37

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