Question: please answer thanks. If a $1,000 five-year bond that was issued at an interest rate of 7% is offered for sale one year before it

please answer thanks. If a $1,000 five-year bond that was issued

please answer thanks.

If a $1,000 five-year bond that was issued at an interest rate of 7% is offered for sale one year before it matures, and the current interest is 5%, how much should an investor be willing to pay for it? A. $1, 019 B. $1, 124 C. $1, 050 D. $952

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