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Moerdyk Corporation's bonds have a 20 -year maturity, a 7.55% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 5.30%,

image text in transcribed Moerdyk Corporation's bonds have a 20 -year maturity, a 7.55% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 5.30%, based on semiannual compounding. What is the bond's price? a. \$1,172.92 b. $1,299.89 c. $1,322.03 d. $1,273.40 e. $1,275.40

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