Guguletu Incorporated, has a bond outstanding with a coupon rate of $9\mathrm{.}4$ percent and annual payments. The yield to maturity is $7\mathrm{.}5$ percent and the bond matures in $15$ years. What is the market price if the bond has a face value of $$4,000?$

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N

I$/$Y

PV

PMT

FV

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