31. An analyst observes a 10-year, 10% semi-annual-pay bond. The face amount is £1,000. The analyst believes that the yield to maturity for this bond should be 15%. Based on this yield estimate, the...

31. An analyst observes a 10-year, 10% semi-annual-pay bond. The face amount is £1,000. The analyst believes that the yield to maturity for this bond should be 15%. Based on this yield estimate, the price of this bond would be:
A. £428.40
B. £460.82
C. £490.28