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Grohl Co. issued 20-year bonds a year ago at a coupon rate of 12 percent (APR). The bonds make semiannual payments. If the YTM on

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Grohl Co. issued 20-year bonds a year ago at a coupon rate of 12 percent (APR). The bonds make semiannual payments. If the YTM on these bonds is 7 percent (APR), what is the current bond price? $1,733.44 O $1,521.03 O $1,531.03 O $1,360.31 O $553.83

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