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A bond with 16 years to maturity and a semiannual coupon rate of 5.26 percent has a current yield of 5.51 percent. The bond's par

A bond with 16 years to maturity and a semiannual coupon rate of 5.26 percent has a current yield of 5.51 percent. The bond's par value is $2,000. What is the bond's price?

Multiple Choice

$2,095.06

$1,954.63

$1,909.26

$2,068.36

$1,877.43

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