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One vear age a company issued 15-year, noncallable, 7.75% annual coupon bonds at their par value of $1,000. Today, the market interest rate on these

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One vear age a company issued 15-year, noncallable, 7.75% annual coupon bonds at their par value of $1,000. Today, the market interest rate on these bonth is 875% What is the curreat price of the bonds? a., 5850,64 b. 51,088,78 c. $1,301.76 d. 5975.79 0.5921 .07

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