One year ago Lerner and Luckmann Co. issued 15-year, noncallable, 5.3% 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? Select the correct answer. a. $983.62 b. $986.42 c. $989.22 d. $980.82 e. $992.02