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of 30 (0 complete) aining:01:18:53 Submit Test Fifteen years ago McDemott's Motels Inc. issued twenty-five-year 10% annual coupon bonds with a $1,000 face value ench.

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of 30 (0 complete) aining:01:18:53 Submit Test Fifteen years ago McDemott's Motels Inc. issued twenty-five-year 10% annual coupon bonds with a $1,000 face value ench. Since then, Interest rates in general have fallen and the yield to maturity on the firm's bonds is now 6%. Given this information, what is the price today for such a bond? This Test: 30 pts possible O A $1,091.08 OB. $1.294.40 OC. $914.41 OD. $1,000

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