Miles Corporation's bonds have a 15-year maturity, an 8% semi-annual coupon, and a par value of $1,000. The going interest rate is 5.50%, based on semi-annual compounding. What is the bond's price?     Select one: a. $1,253.11 b. $1,200.44 c. $1,295.85 d. $1,211.90

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