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Greens Inc. recently issued noncallable bonds that mature in 2 years. They have a par value of $ 1 , 0 0 0 and an

Greens Inc. recently issued noncallable bonds that mature in 2 years. They have a par value of $1,000 and an annual coupon of 5.8%. If the current market interest rate is 8.0%, at what price should the bonds sell?
a. $950.25
b. $983.23
c. $996.33
d. $971.60
e. $960.77
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