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44. Morin Company's bonds mature in 8 years, have a par value of $1,000, and...

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44. 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. $1,024.74 b. $1,147.71 c. $1,116.97 d. $1,096.47 e. $1,280.93

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