Kasey Corp. has a bond outstanding with a coupon rate of 5.34 percent and semiannual payments....

Kasey Corp. has a bond outstanding with a coupon rate of 5.34 percent and semiannual payments. The bond has a yield to maturity of 6.7 percent, a par value of $2,000, and matures in 18 years. What is the quoted price of the bond?

rev: 12_21_2018_QC_CS-151926, 11_01_2019_QC_CS-188664, 01_14_2020_QC_CS-195144

Multiple Choice

1,889.80
1,718.00
85.90
87.62
86.15

Expert Solution

jeff jeffy answered 2 years ago

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