Zinger has a bond outstanding with a coupon rate of 5.6 percent and semiannual payments. The...

Zinger has a bond outstanding with a coupon rate of 5.6 percent and semiannual payments. The bond has a yield to maturity of 5.5 percent, a par value of $2,000, and matures in 18 years. Calculate the market value of the bond?

2,022.67

101.13

103.16

106.19

1,012.89

Expert Solution

jeff jeffy answered 8 months ago

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