Answer:
price = $429.25
so correct option is d. $429
Step-by-step explanation:
given data
face value = $1,000
time = 15 year
rate = 5.8 % = 0.058
to find out
price of bond
solution
we get here price that is express as
price =
........................1
put here value we get price
price =

price = $429.25
so correct option is d. $429