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moerdyk corporation's bond have a 20-year maturity, an 8.15% semiannual coupon, and a par value of $1000. The going interest rate is 5.90% based on
moerdyk corporation's bond have a 20-year maturity, an 8.15% semiannual coupon, and a par value of $1000. The going interest rate is 5.90% based on semiannual compounding. What is the bond's price ?
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