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One year ago, Company A issued 1 5 - year, noncallable, 6 . 9 % annual coupon bonds at their par value of $ 1

One year ago, Company A issued 15-year, noncallable, 6.9% annual coupon bonds at their par value of $1,000. Today, the market interest rate on these bonds is 5.5%. What is the current price of the bonds, given that they now have 14 years to maturity?
a. $1,134.26
b. $1,146.47
c. $1,140.53
d. $1,170.65
e. $1,178.62
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