Consider a bond which pays 7% semiannually and has 8 years t

Consider a bond which pays 7% semiannually and has 8 years to maturity.The market requires ……
Consider a bond which pays 7% semiannually andhas 8 years to maturity.The market requires an interest rate of 8% on bonds ofthis risk.What is this bond's price?
A) $ 942.50
B) $ 911.52
C) $ 941.74
D) $1,064.81
E) None of the above.