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5. Pleasantonia Corporation's bonds have a 25-year maturity, a 7.40% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 6.40%,
5. Pleasantonia Corporation's bonds have a 25-year maturity, a 7.40% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 6.40%, based on semiannual compounding. What is the bond's price? O a) $1,132.55 b) $1,123.90 c) $1,114.05 d) $1,047.79 e) $1,123.12
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