Meredith Company issued 10-year bonds three years ago at 7% coupon rate. The market interest rate for the bonds is 8.5%, what is the current bond's price? a. $832.22 b. $922.06 c. $817,513 d. $1,005.96 e. $1,902.77 Derek Enterprises' non-callable bonds currently sell for $1,165. They have a 15-year maturity, an annual coupon rate of 9.5%, what is their yield to maturity? a. b. c. d. e. 7.63% 8.69% 12.80% 6.35% 11.34%