Hoffman Inc. has an $1,000 par value bond with 15 years to maturity and a coupon rate of 12%, paid semiannually. The market rate on similar debt has now risen to 16%. What is the current price of this bond? A $1,450.31 B) $776.98 $774.84 D) $1,342.38 $516.69 Last saved 10:15:14 AM You're not able to go back to the previous page in this assessment esc 12 (@ (3) # 14 83 (5 % 16 17 ASUS f80/D SP. 193 Continue f10 X Time limit 105 minutes | Autom Attempts 1 attempt left Assessment security Respondus LockDown Grading Maximum points Description TEST 2-100 POINTS. DURATIC SLOT: FRIDAY, 12:01 A.M. - SUM WILL HAVE ONE HUNDRED AN prt sc