Morin Company's bonds mature in 10 years, have a par value of $1,000, and make an annual coupon interest payment of $68. The market requires an interest rate of 7% on these bonds. What is the bond's price? $1,117.27 $952.17 $931.04 O $1126.42 $985.95

Morin Company's bonds mature in 10 years, have a par value of $1,000, and make an annual coupon interest payment of $68. The market requires an interest rate of 7% on these bonds. What is the bond's price? $1,117.27 $952.17 $931.04 $1126.42 $985.95