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Moerdyk Corporation's bonds have a 10-year maturity, a 9.95% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 7.70%, based

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Moerdyk Corporation's bonds have a 10-year maturity, a 9.95% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 7.70%, based on semiannual compounding. What is the bond's price? a. \$1,091.93 b. $1,154.94 c. $1,181.32 d. \$1,153.04 e. $1,205.15

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