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Write down the calculation steps and the parameters that you enter into your financial calculator. Moerdyk Corporation's bonds have a 15-year maturity, a 7.25% semiannual

Write down the calculation steps and the parameters that you enter into your financial calculator.

Moerdyk Corporation's bonds have a 15-year maturity, a 7.25% semiannual coupon, and a par value of $1,000. The current interest rate is 5.00%. What is the bonds price? (Write down the parameters you enter into the financial calculator.)

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