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Lester's Furniture is issuing 20-year, 10% coupon rate callable bonds. The bonds pay coupon semi-annually and have a par value of $1,000. The bonds are

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Lester's Furniture is issuing 20-year, 10% coupon rate callable bonds. The bonds pay coupon semi-annually and have a par value of $1,000. The bonds are callable in 6 years with a call premium of $100. If the yield to call is 11.21%, calculate the price of the bonds. $628.77 $948.16 $1000.14 5B66.71

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