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Haswell Enterprises' bonds have a 10-year maturity, a 6.25% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 6.25%, based

Haswell Enterprises' bonds have a 10-year maturity, a 6.25% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 6.25%, based on semiannual compounding. What is the bond's price?

Select the correct answer.

a. $993.08

b. $1,003.46

c. $996.54

d. $1,000.00

e. $1,006.92

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