QUESTION 16 1 points Save Answer CMS Corporation's balance sheet as of today is as follows: Long-term debt (bonds, at par) Preferred stock Common stock ($10 par) Retained earnings Total debt and equity The bonds have a 4.0% coupon rate, payable semiannually, and a par value of $1,000. They mature exactly 10 years from today. The yield to maturity $10,000,000 2,000,000 0,000,000 4.000.000 $26,000,000 is 12%, so the bonds now sell below par, what is the current market value of the firm's debt? O a. $5,276,731 b. $5,412,032 c. $5,547,332 d.$7,706,000 e.$7,898,650