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The Morrissey Company's bonds mature in 11 years, have a par value of $1,000, and make an annual coupon payment of $80. The market interest

The Morrissey Company's bonds mature in 11 years, have a par value of $1,000, and make an annual coupon payment of $80. The market interest rate for the bonds is 6%. What is the bond's price? a. 1,157.74 b. 1,000.00 c. 1,273.51 d. 1,061.26 Clear my choice

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