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Moody Corporation's bonds have a 15-year maturity, a 7.25% coupon paid semiannually, and a par value of $1.000. If the going market interest rate for

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Moody Corporation's bonds have a 15-year maturity, a 7.25% coupon paid semiannually, and a par value of $1.000. If the going market interest rate for bonds of similar risk and maturity is 5.40% (based on semiannual compounding, what is the bond's price

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