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Annual Bond Valuation 5. Callan Corporation issued 20-year, noncallable, 7.5% annual coupon bonds at their par value of $1,000 one year ago. Today, the market

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Annual Bond Valuation 5. Callan Corporation issued 20-year, noncallable, 7.5% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds is 5.5%. What is the current price of the bonds, given that they now have 19 years to maturity? A. $1,171.32 B. $1,142.03 C. $1,232.15 D. $1,201.35 E. $1,113.48

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