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You are about to purchase a 20-year bond, ($1,000 face value) with 5% annual coupons. If the current market rate is 4%, at what price

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You are about to purchase a 20-year bond, ($1,000 face value) with 5% annual coupons. If the current market rate is 4%, at what price should you be willing to buy this bond, assuming that this bond pays interest on a semi- annual basis? O A. $1,631.88 O B. $1,163.88 O C. $1,136.88 OD. $683.87

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