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17. Georgia Education Inc. recently issued noncallable bonds that mature in 15 years. They have a par value of $1,000 and an annual coupon

17. Georgia Education Inc. recently issued noncallable bonds that mature in 15 years. They have a par value of $1,000 and an annual coupon of 5.7%. If the current market interest rate is 7.0%, at what price should the bonds sell? a. $1,040.28 b. $802.25 c. $1,013.84 d. $775.81 e. $881.60

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