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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 (ra) is 5.00%, based

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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 (ra) is 5.00%, based on semiannual compounding. What is the bond's price? a. $976.02 b. 51.359.01 c. $1,050.15 d. $1,457.85 e. $1,235.47

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