12.

Question 12 5 pts Moody Corporation's bonds have a 15-year maturity, a 7.25% coupon paid semiannually, and a par value of $1.000. If the going market interest rate for bonds of similar risk and maturity is 5.95% (based on semiannual compounding, what is the bond's price? Your answer should be between 1075.00 and 1275.00, rounded to 2 decimal places, with no special characters