I believe the answer is D
Years to maturity =n= 7
Coupon rate = C = 9%
Frequency of payment =m= 2
Semiannual coupon = $1,000 × (0.09/2) = $45.00
Current market rate =i= 10%
Present value of bond = Pv
<span>The correct answer is: Yes, the bond is worth more at $951</span>
