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Kasey Corp. has a bond outstanding with a coupon rate of 5.66 percent and semiannual payments. The bond has a yield to maturity of 6.3

Kasey Corp. has a bond outstanding with a coupon rate of 5.66 percent and semiannual payments. The bond has a yield to maturity of 6.3 percent, a par value of $2,000, and matures in 16 years. What is the quoted price of the bond?

options are:

  • 93.87

  • 95.48

  • 2,059.35

  • 93.61

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