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a. Morin Company's bonds mature in 10 years, have a par value of $1,000, and make an annual coupon interest payment of $65. The market

a. Morin Company's bonds mature in 10 years, have a par value of $1,000, 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

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