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Moerdyk Corporation's bonds have a 20-year maturity, a 9.25% quarterly coupon, and a par value of $1,000. The going interest rate (ra) is 6.20%, based
Moerdyk Corporation's bonds have a 20-year maturity, a 9.25% quarterly coupon, and a par value of $1,000. The going interest rate (ra) is 6.20%, based on quarterly compounding. What is the bond's price? O $976.02 O $1.457.85 O $1,348.22 O $1,235.47 O $1,659.01
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