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Moerdyk 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 5.40%,

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Moerdyk 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 5.40%, based on semiannual compounding. What is the bond's price? a. $962.72 b. $1,105.34 C. $1,390.59 d. $1,188.54 e. $1,307.40

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