An annual bond with a maturity of N years was issued last year with a coupon payment of $65. The market interest rates at the time were below 6.0%. Since then, market interest rates have risen above 7.0%. Which of the following could be the prices of the bond one year ago and today? (2 points)

Select one:

a.

$1053, $952

b.

There is not enough information to answer this question.

c.

$1053, $1033

d.

$965, $998

e.

$965, $1033