A bond pays 7% yearly interest in semi-annual payments for 10 years. The current yield on similar bonds is 9%. To determine the market value of this bond, you must
A. find the interest factors (IFs) for 20 periods at 9%.
B. find the interest factors (IFs) for 10 periods at 7%.
C. find the interest factors (IFs) for 10 periods at 4.5%.
D. find the interest factors (IFs) for 20 periods at 4.5%.
