Question: PLEASE EXPLAIN FULLY STEP - BY - STEP DO NOT SOLVE USING EXCEL OR A CALCULATOR. NO FUNNY EQUATIONS. THE ANSWER IS $ 4 1

PLEASE EXPLAIN FULLY STEP-BY-STEP DO NOT SOLVE USING EXCEL OR A CALCULATOR. NO FUNNY EQUATIONS. THE ANSWER IS $411.99 JUST NEED TO KNOW HOW THEY GOT THAT THANK YOU. Rosenworcel Corp. has a $1,000 par value bond with a 5% coupon rate (paid semiannually) and a fifteen-year maturity. Let's assume that the market believes the Yield to Maturity on this bond should be 6%.
What would be the price of a similar, just-issued bond with a zero coupon?
a) $411.99
b) $417.27
c) $572.30
d) $672.97

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