Question: One year ago Lerner and Luckmann Co . issued 1 5 - year, noncallable, 6 . 1 % annual coupon bonds at their par value
One year ago Lerner and Luckmann Co issued year, noncallable, annual coupon bonds at their par value of $ Today, the market interest rate on these bonds is What is the current price of the bonds, given that they now have years to maturity?
Select the correct answer.
a $
b $
c $
d $
e $
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