Roy is interested in buying a five-year bond that pays a coupon of 10 percent on a semiannual basis. The current market rate for similar bonds is 8.8 percent. He was offered the bond by a friend at a price of 1,100. Should he buy the bond from his friend? Round your final answer to the nearest dollar.)
A.Yes, because the market price of the bond is $1,265
B. No, because the market price of the bond is $1,048
C. No, because the market price of the bond is $1,099
D. none of the above