Moerdy Corporation's bonds have a 15-year maturity, a 7.25% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 5.30%, based on semiannual compounding. What is the bond's price? Hint: this is a semi-annual bond, so adjust inputs accordingly (1/Rate/2, PMT/2, Nx2). $1,164.05 $1,200.05 $1,500.06 $948.04 $1,224.05