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Moerdyk Corporations bonds have a 19-year maturity, a 3.75% semiannual coupon, and a par value of $1,000. The going interest rate (r d ) is

Moerdyk Corporations bonds have a 19-year maturity, a 3.75% semiannual coupon, and a par value of $1,000. The going interest rate (r_d) is 6.00%, based on semiannual compounding. What is the bonds price?

	A.	770.54
	B.	1000
	C.	746.96
	D.	725.34

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