Table Industries issues bonds with a

$7$

$\%$

$$coupon rate and $

$1$

$0$

$0$

$0$

$$face value. Interest is paid semiamually and the bond has

$1$

$8$

$$years to maturity. However, the bond does not pay the first two coupon payments and instead makes these payments at maturity. Ifinvestors require a

$1$

$5$

$\%$

$$retum$,$ What is the bonds value? A

$)$

$$$

$1$

$,$

$1$

$6$

$.$

$8$

$1$

$$B

$)$

$$$

$3$

$,$

$0$

$3$

$.$

$7$

$3$

$$C

$)$

$$$

$6$

$9$

$8$

$.$

$8$

$0$

$$D

$)$

$$$

$4$

$4$

$8$

$.$

$4$

$8$

$$Answer is D

$)$

$$$

$4$

$4$

$8$

$.$

$4$

$8$

$$PLEASE SHOW STEPS ON HOW TO SOLVE. Thanks you!