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Problem 1: Moerdyk Corporation's bonds have a 15 -year maturity, a 7.25% semiannual coupon, and a par value of $1,000. The going interest rate (rd)

Problem 1: Moerdyk Corporation's bonds have a 15 -year maturity, a 7.25% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 6.20%, based on semiannual compounding. What is the bond's price

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