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Abbott Laboratories issued 18-year, noncallable, 9.75% annual coupon bonds (annual payments) at their par value of $1,000 eight years ago. Today, the market interest rate

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Abbott Laboratories issued 18-year, noncallable, 9.75% annual coupon bonds (annual payments) at their par value of $1,000 eight years ago. Today, the market interest rate on these bonds is 15.00%. What is the current price of the bonds, given that they now have 10 years to maturity? $1,326.08 $888.35 $1,326.08 O $888.35 $736.51 $489.33 $678.28

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