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TraChem Corporation issues Series Z bonds and Series C bonds. Both bonds have par values...

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Finance

TraChem Corporation issues Series Z bonds and Series C bonds. Both bonds have par values of $10,000 and investors trade both bonds at prices indicating a YTM of 5.0%. The Series Z is a zero coupon bond with a maturity in 10 years. The Series C, maturing in 6 years, is a hybridized bond that pays no coupon for the first year; then pays $350 every six months for three years (six total payments); and finally makes four $700 payments in the last two years.
What is the current price of a Series C bond? (Hint: Even if you utilize formulas to solve this, you should lay out and discount the stream of cash flows as a check on your work.)
Group of answer choices
$10,800.52
$11,431.85
$10,849.99
$12,048.35
$11,174.28
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