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Company X issued 25-year, noncallable, 5.8% 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 X issued 25-year, noncallable, 5.8% 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 b. $824.15 c. $1087.80 d. $1173.54 e. $1005.85

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