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Quesoon I of 10 One year ago Lerner and Luckmann Co. issued 15-year, noncallable, 8.5% annual coupon bonds at their par value of $1,000. Today,

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Quesoon I of 10 One year ago Lerner and Luckmann Co. issued 15-year, noncallable, 8.5% 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, O a. $1,300.13 O b. $1,287.69 c. $1,297.02 Of d. $1,293.91 Ore. $1,290.80

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