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Question 9 (1 point) Morin Company's bonds mature in 8 years, have a par value of $1,000, and make an annual coupon interest payment of

Question 9 (1 point) 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 6.1% on these bonds. What is the bond's price? $1,024.74 $1,147.71 $1,116.97 $1,096.47 $1,280.93

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