Question: D . J . Masson Inc. recently issued noncallable bonds that mature in 1 0 years. They have a par value of $ 1 ,

D. J. Masson Inc. recently issued noncallable bonds that mature in 10 years. They have a par value of $1,000 and an
annual coupon of 6.5%. If the current market interest rate is 11%, at what price should the bonds sell?
a.1,000.00
b.845.22
c.650.17
d.734.98
D. J. Masson Inc. recently issued noncallable bonds that mature in

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