problem: Wald Corporation has outstanding bonds with a six year maturity, $1,000 par value, & seven percent coupon paid semiyearly [3.5 percent each 6 months], & those bonds sells at their par value. Wald has another bond with the same risk, maturity, & par value, but this second bond pays a seven percent annual coupon. Determine the price of the annual coupon bond? Neither bond is callable
[A] 1,002.26
[B] 1,008.30
[C] 994.18
[D] 998.56