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The Morrissey Company's bonds mature in 6 years, have a par value of $1,000, and make an annual coupon payment of $70. The market interest

The Morrissey Company's bonds mature in 6 years, have a par value of $1,000, and make an annual coupon payment of $70. The market interest rate for the bonds is 7.5%. What is the bond's price? Group of answer choices $953.77 $976.53 $1,024.21 $931.70 $1,049.17

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