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Dwight Schrute buys a 10-year annual corporate bond 185 days after issuance from his colleague Jim...

Dwight Schrute buys a 10-year annual corporate bond 185 days after issuance from his colleague Jim Halpert. This bond has a 12% annual coupon rate and a face value of $1,000 and rd = 10%. How much does Dwight pay Jim to buy this bond?

a. 1,122.89

b. 1,184.56

c. 1,222.89

d. 1,277.06

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