15) Nunavet Ocean Cruises sold an issue of 12year $1,000 par bonds to build new ships. The bonds pay 4.85% interest, semiannually. Today's required rate of return is 9.7%. How much should these bonds sell for today? Round off to the nearest $1. 15) A) $598.33 B) $660.45 C) $732.93 D) $771.86