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Moerdyk Corporation's bonds have a 14-year maturity, a 8.35% semiannual coupon, and a par value of $1000. The going interest rate (rd) is 5.55%, based

Moerdyk Corporation's bonds have a 14-year maturity, a 8.35% semiannual coupon, and a par value of $1000. The going interest rate (rd) is 5.55%, based on semiannual compounding. What is the bond's price?

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