rossnickle Corporation issued 15-year, noncallable, 6.7% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds is 4.6%. What is the current price of the bonds, given that they now have 14 years to maturity?

a. $1,244.59

b. $1,223.99

c. $1,213.29

d. $1,256.86

e. $1,234.21