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-WXAM has an outstanding bond issue with a coupon rate of 6 1/8% and a current yield of 6.9%. The yield to maturity on this

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-WXAM has an outstanding bond issue with a coupon rate of 6 1/8% and a current yield of 6.9%. The yield to maturity on this bond is 7 5/8%. What is the market price of this bond if it pays interest semi-annually and has 12 years to maturity? a. $883.42 b. $937.45 c. $943.65 d. $1,000.00

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