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Moerdyk Corporation's bonds have a 15-year maturity, a 10.65% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 8.40%, based

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Moerdyk Corporation's bonds have a 15-year maturity, a 10.65% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 8.40%, based on semiannual compounding. What is the bond's price? O a. $1,187.97 b. $1,262.71 O c. $1,189.90 O d. $1,227.65 O e. $1,123.35

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