Question: PLEASE SHOW ALL WORK STEP - BY - STEP DON;T USE WEIRD EQUATIONS WITH RIGHT IN THEM. SOLVE BY HAND NO EXCEL OR CALCULATOR Rosenworcel

PLEASE SHOW ALL WORK STEP-BY-STEP DON;T USE WEIRD EQUATIONS WITH "RIGHT" IN THEM. SOLVE BY HAND NO EXCEL OR CALCULATOR 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%.
Assuming that the bond was just issued, calculate the current market price of the bond.
a) $902.00
b) $1,238.76
c) $1,245.27
d) $1,392.01

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