Use the Following Bond Quotes to Answer This Question -
What Is the Current Price of a $1,000 Face

Multiple Choice

Use the following bond quotes to answer this question:
$\begin{array}{lrr}\text { Issuer Name}& \text {Coupon }&\text {Maturity}&\text { High }&\text {Low } &\text { Last}&\text { Change }\\ \text { Alpha } &5.875& \text {Apr 2010 }&99.823&98.667&99.402&+.008\\ \text { Industrial } &\\ \text { Beta Movers } &7.120& \text {May 2036}&103.407&100.013&103.354&+.010 \\\end{array}$



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What is the current price of a $1,000 face value Alpha Industrial bond?

A) $986.67
B) $991.04
C) $994.02
D) $998.23
E) $1,000.00