Kasey Corporation has a bond outstanding with a coupon rate of 5.74 percent and semiannual payments. The bond has a yield to maturity of 6.1 percent, a par value of $2,000, and matures in 20 years. What is the quoted price of the bond? Multiple Choice O O O 1,917.46 95.87 97.79 2,109.20

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Bond Valuation

Bond valuation are the notes issued by the corporation to raise long-term funds for the business. The corporations are required to pay the interest on such liabilities at a specified rate of interest (termed as coupon rate) at specified dates which may be on semi-annual or annual basis. These interest payments may be in the form of coupons.