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Staind, Inc., has 7 percent coupon bonds on the market that have 15 years left to maturity. The bonds make annual payments. If the YTM

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Staind, Inc., has 7 percent coupon bonds on the market that have 15 years left to maturity. The bonds make annual payments. If the YTM on these bonds is 9 percent, and the par value is $1,000, what is the current bond price? Multiple Choice $838.79 $796.85 $880.73 $1,186.16 $1,030.00

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