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Question 10 Morin Company's bonds mature in 9 years, have a par value of $1,000, and make an annual coupo- interest payment of $68. The

Question 10 Morin Company's bonds mature in 9 years, have a par value of $1,000, and make an annual coupo- interest payment of $68. The market requires an interest rate of 8% on these bonds. What is the bond's price? $903.04 $986.97 $988.06 $925.04 $952.17 5/6567797 Previous o Next lipo 140 DI % & 4 ) 5 6 7 8 9 O - R T Y } U O U ]

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