Moerdyk corporations bonds have a 15-ycar maturity what is


Moerdyk Corporation's bonds have a 15-ycar maturity, a 7.25% semiannual coupon, and a par value of exist1,000. The going interest rate is 6.20%, based on semiannual compounding. What is the bond's price?

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Financial Management: Moerdyk corporations bonds have a 15-ycar maturity what is
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