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Mendez Enterprises' bonds have a 10-year maturity, a 5% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 4.75%, based
Mendez Enterprises' bonds have a 10-year maturity, a 5% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 4.75%, based on semiannual compounding. What is the bond's price? A) 1,039.91 B) 1,146.27 C) 1,118.31 D) 1,091.35
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