Cassie’s Collectibles has a bond with a $1,000 face value and 6.54% coupon interest paid semi-annually. This bond matures in 12 years and has a yield to maturity of 4.56%. What is the market price of the bond?
A. $957.21
B. $1,157.59
C. $1,181.44
D. $1,193.21
E. None of the above is correct.
