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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 5100. If the yield to call is 1121%, calculate the price of the bonds $866.71 5628.77 $1000.14 5948.16

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