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Morin Company's bonds mature in 6 years, have a par value of $1.000, and make an annual coupon interest payment of $55. The market requires

Morin Company's bonds mature in 6 years, have a par value of $1.000, and make an annual coupon interest payment of $55. The market requires an interest rate of 7.6% on these bonds. What is the bond's price? 878.34 O 895.66 O955.12 O901.73 O924.75

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