$11$

Lincoln Park Co$.$ has a bond outstanding with a coupon rate of $5\mathrm{.}74$ percent and semiannual payments. The yield to maturity is $6\mathrm{.}1$ percent and the bond matures in $20$ years. What is the market price if the bond has a par value of $$2,000?$

$01\mathrm{.}40-05$

Multiple Choice

$$1,918\mathrm{.}08$

$$1,92293$

$$1,920\mathrm{.}41$

$$1,917\mathrm{.}46$

$$1,955\mathrm{.}80$