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Eleven years ago, Cornwell Industries issued $1,000 par value bonds with 5% annual coupon, and a term to maturity of 25 years. Assume these bonds

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Eleven years ago, Cornwell Industries issued $1,000 par value bonds with 5% annual coupon, and a term to maturity of 25 years. Assume these bonds make semiannual coupon payments, what would be the price today for a Cornwall Industries bond if the annual yield to maturity is 4%? Multiple Choice $981.81 O $1,106.41 O $997.13 $1,009.63

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