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Company A issued 25-year, noncallable, 6.5% annual coupon bonds at their par value of $1,000 five years ago. Today, the market interest rate on these

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Company A issued 25-year, noncallable, 6.5% annual coupon bonds at their par value of $1,000 five years ago. Today, the market interest rate on these bonds is 5.75%. What is the current price of the bonds? a. $1202.94 O b. $1462.40 O c $1087.80 O d. $1005.85 Oe. S1181.45

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