Determine the Selling Price, Per $1,000 Maturity Value, of a 10-Year

Multiple Choice

Determine the selling price, per $1,000 maturity value, of a 10-year, 4.885% bond, with a yield of 4.890%. (Assume twice-yearly interest payments.) Round your answer to the nearest cent. ​

A) $999.61
B) $382.75
C) $1,002.60
D) $621.45
E) $616.86