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Gambobo, Inc., has a bond outstanding with a coupon rate of 3.0 percent and semiannual payments. The yield to maturity is 9.9 percent and the

Gambobo, Inc., has a bond outstanding with a coupon rate of 3.0 percent and semiannual payments. The yield to maturity is 9.9 percent and the bond matures in 8 years. What is the market price if the bond has a par value of $4000?

		2499.05
		3063.66
		3085.61
		2223.89
		2865.72

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