Haswell Enterprises' bonds have a 10-year maturity, a 6.25% semiannual coupon, and a par value of $1,000. The going interest rate (rd) is 4.75%, based on semiannual compounding. What is the bond's price?
A. 1,063.09
B. 1,090.35
C. 1,118.31
D. 1,146.27
E. 1,174.93
Answer: C
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