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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 bond’s price? (Wr…

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 bond’s price? (Wr…
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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 bond’s price? (Write down the parameters you enter into the financial calculator.)

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User Altaf Patel
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1 Answer

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Well the bond price is 1,000.88
answered
User Ashu
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