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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 5.80%, based

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 5.80%, based on semiannual compounding. What is the bonds price?

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$1,395.63

$1,143.96

$869.41

$1,166.84

$1,384.19

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