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38:29 Attempts:Score: 12 6. Chapter b Multiple Choice 07-075, Section b Multiple Choice 07 075, Problem b Multiple Choice 07-07s bonds mature in 8 years,

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38:29 Attempts:Score: 12 6. Chapter b Multiple Choice 07-075, Section b Multiple Choice 07 075, Problem b Multiple Choice 07-07s bonds mature in 8 years, have a par value of S1 000 and make an annual coupon interest payment of $65. The market requires an interest rate of 6.1% on these bonds. What is the bond's price? b. $1,147.7 O&$1,280.93 O d. $1,024.74

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