5. Six years ago, James Corporation sold a $100 million bond issue to expand its facilities, Each debenture has a $1,000 par value, an original maturity of 20 years (there are now 14 years left to maturity), and an annual coupon rate of 11.5% with semiannual payments. If you require a 14% return, what price would you pay today for a James bond? a) $826 c) $848 e) $890 b) $833 d) $868