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

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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 6.4% on these bonds, what is the bond's price? $1,237.52 $885.38 $1,006.11 O $985.99 $814.95 Question 4 0.33 pts Adams Enterprises' noncallable bonds currently sell for $1.040. They have a 15-year maturity, an annual coupon of $85, and a par value of $1.000. What is their yield to maturity? 6.51% 9.16% 6.67% 8.03% 8.35%

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