What is the bond price, Mur Corps bonds mature in 8 years,

What is the bond price

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Reference no: EM131318786

Mur Corps bonds mature in 8 years, with a par value of $1,000, and an annual coupon rate of 6.5% The market requires an interest rate of 8.2% on these bonds. What is the bond's price?

A) 996.79

B) 925.62

C) 948.76

D)972.48

E) 903.04

Reference no: EM131318786

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