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Moerdyk Corporation's Bonds Have a 10-Year Maturity, a 6

Question 30

Multiple Choice

Moerdyk Corporation's bonds have a 10-year maturity, a 6.25% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 4.75%, based on semiannual compounding. What is the bond's price?


A) 1,063.09
B) 1,090.35
C) 1,118.31
D) 1,146.27
E) 1,174.93

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