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A company is planning to issue a $1000 face value bond that matures in 15 years with a coupon rate of 6.5%. If similar bonds

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A company is planning to issue a $1000 face value bond that matures in 15 years with a coupon rate of 6.5%. If similar bonds are currently priced to yield 7.25%, what is the price of the bond? (assume that coupons are paid annually) $932.76 0 $1,165.08 $1.095.54 O $979.31 O $952.38 O $910.25 O $1.002.65

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