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Question 10 (1 point) New Western Inc. issued 15-year bonds 5 years ago (from today) with 6% coupon rate. The bond makes semiannual payments and

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Question 10 (1 point) New Western Inc. issued 15-year bonds 5 years ago (from today) with 6% coupon rate. The bond makes semiannual payments and has a par value of $1,000. Since the issuing date the market interest rate has increased to 8%. What is the PV of the bond today? $ 864.10 $1,196.00 O$ 827.08 None of the answers is correct $1,000

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