Lincoln Park Co. has a bond outstanding with a coupon rate of 5.84 percent and semiannual payments

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Lincoln Park Co. has a bond outstanding with a coupon rate of 5.84 percent and semiannual payments

Lincoln Park Co. has a bond outstanding with a coupon rate of 5.84 percent and semiannual payments. The yield to maturity is 6.1 percent and the bond matures in 25 years. What is the market price if the bond has a par value of $2,000? Multiple Choice

$1,972.41
$1,936.71
$1,939.26
$1,934.15
$1,933.73

business finance

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Answer 1

Answer #1

Calculate the price of the bond as follows:

Bond price is $1,933.73.

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Answer 2

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Lincoln Park Co. has a bond outstanding with a coupon rate of 5.84 percent and semiannual payments

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Lincoln Park Co. has a bond outstanding with a coupon rate of 5.84 percent and semiannual payments

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