You are given the following bonds that have a par value of 100:

Find X.

Answer choices:

A. 82.80

B. 93.42

C. 117.77

D. 69.43

E. 87.53

Bond 1 Bond 2 Coupon rate of 8% payable semi-annually Coupon rate of 7%, payable semi-annually Yield rate is 5.50 % effective annually Yield rate is 5.10 % effective annually 10 year bond 10 year bond Redemption value is $100 Redemption value is $x Price is $ Y Price is 0.9.Y