D. J. Masson Inc. recently issued noncallable bonds that mature in 10 years. They have a par value of $1,000 and an annual coupon of 6.5%. If the current market interest rate is 11%, at what price should the bonds sell? PMT(rate, nper, pv, [fv], [type]) O a. 650.17 O b. 734.98 O c. 1,000.00 O d. 845.22 Clear my choice

D. J. Masson Inc. recently issued noncallable bonds that mature in 10 years. They have a par value of $1,000 and an annual coupon of 6.5%. If the current market interest rate is 11%, at what price should the bonds sell? a. 650.17 b. 734.98 c. 1,000,00 d. 84522 Clear my choice