Leggio Corporation issued 20-year, 7% annual coupon bonds at their par value of $1,000 one year ago. Today, the market interest rate on these bonds has dropped to 6%. What is the new price of the bonds, given that they now have 19 years to maturity? (Points: 5), $1,046.59 , $1,111.58 , $1,133.40 , $1,177.78 , $1,189.04
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