Your broker offers to sell you a BananaChip Bond for $1,050. The bond has an annual coupon rate of 5.5% paid quarterly and a maturity of 4 years. Given that the interest rate on comparable debt is 1% is your broker fairly pricing the bond? (Find the bond price today).

Group of answer choices

A.) Yes, the bond value today = the offer price

B.) No, the bond price today < the offer price

C.) No, the bond value today > the offer price

D.) Yes, the bond value today > the offer price