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Moerdyk Corporation's bonds have a 12-year maturity, a 7.25% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 5.30%, based

Moerdyk Corporation's bonds have a 12-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 bonds price? a. $1171.52 b. $1000 c. $989.68 d. $1256.19

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