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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 550 . The market
Morin Company's bonds mature in 6 years, have a par value of $1,000, and make an annual coupon interest payment of 550 . The market requires an interest rate of 6.1% on then bonds. What is the bond's price? 1. $911.28 b. $961.03 =$1,245,10 d. $946.08 2. $938.81 Continue without saving
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