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Gambobo, Inc., has a bond outstanding with a coupon rate of 4.6 percent and semiannual payments. The yield to maturity is 5.3 percent and the

Gambobo, Inc., has a bond outstanding with a coupon rate of 4.6 percent and semiannual payments. The yield to maturity is 5.3 percent and the bond matures in 7 years. What is the market price if the bond has a par value of $3000?

a)		2181.89
b)		3205.24
c)		2878.51
d)		2492.44
e)		2472.37

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