Question: 7:54 el LTE X Week 3 Assignment: Attempt 1 1.26% 1.23% Question 4 - 12 Grossnickle Corporation issued 20-year, noncallable, 7.4% annual coupon bonds at

7:54 el LTE X Week 3 Assignment: Attempt 1 1.26% 1.23% Question 4 - 12 Grossnickle Corporation issued 20-year, noncallable, 7.4% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds is 5.5% What is the current price of the bonds, given that they now have 19 years to maturity? $1,342.60 2 $1,330.39 $939.82 $1,220.55 $1,037.46 Question 5 -12 6 of 10 completed

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