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Business, 20.01.2020 17:31 aprilpendergrass

Lincoln park co. has a bond outstanding with a coupon rate of 5.72 percent and semiannual payments. the yield to maturity is 6.9 percent and the bond matures in 19 years. what is the market price if the bond has a par value of $2,000?

a. $1,876.09
b. $1,880.53
c. $1,878.06
d. $1,912.67

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