7. Disney issued a 30-year bond with a par value of $1,000, last year, with a coupon that pays $35 annually. At the time of issue, the bonds sold at par. Assuming semi-annual payments and a 4.125% yield to maturity, what is the current price of the firm’s bond? (Select the closest number)
a. $978.59
b. $978.97
c. $987.79
d. $987.60