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21 February, 20:34

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 8.2% on these bonds. what is the bond's price?

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  1. 21 February, 21:03
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    what is the bond's price?

    it is $903.04
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