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Question 6 5 pts Morin Company's bonds mature in 8 years, have a par value of $1,000, and make an annual coupon interest payment of

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Question 6 5 pts Morin Company's bonds mature in 8 years, have a par value of $1,000, and make an annual coupon interest payment of $65. The market requires an interest rate of 8.2% on these bonds. What is the bond's price? $903.04 $925.62 $948.76 $972.48 $996.79

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