Simpson Industries Inc.bonds currently have 12 years remaining to maturity.What is the current price of the firm's semi-annual bonds if they carry a face value of $1,000,an annual coupon rate of 8% and an annual yield to maturity of 7%?
A)$924.64
B)$1,000.00
C)$1,079.43
D)$1,080.29

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The Answer of Simpson Industries Inc.bonds currently have 12 years remaining to maturity.What is the current price of the firm's semi-annual bonds if they carry a face value of $1,000,an annual coupon rate of 8% and an annual yield to maturity of 7%?
A)$924.64
B)$1,000.00
C)$1,079.43
D)$1,080.29