Business, 13.10.2019 06:30 butryn

Morin company's bonds mature in 8 years, have a par value of $1,000, and make an annual coupon interest payment of $65. the market requires an interest rate of 6.1% on these bonds. what is the bond's price?

a. $1,147.71

b. $1,280.93

c. $1,024.74

d. $1,096.47

e. $1,116.97

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Morin company's bonds mature in 8 years, have a par value of $1,000, and make an annual coupon inter...

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