A Firm Issues Ten-Year Bonds with a Coupon Rate of 6.5%,paid

A firm issues ten-year bonds with a coupon rate of 6.5%,paid semi-annually.The credit spread for this firm's ten-year debt is 0.8%.New ten-year Treasury notes are being issued at par with a coupon rate of 5%.What should the price of the firm's outstanding ten-year bonds be per $100 of face value?

A) $97.28
B) $98.27
C) $100.86
D) $105.26
E) $105.80