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Kasey Corp. has a bond outstanding with a coupon rate of 5.84 percent and semiannual payments. The bond has a yield to maturity of 6.1

Kasey Corp. has a bond outstanding with a coupon rate of 5.84 percent and semiannual payments. The bond has a yield to maturity of 6.1 percent, a par value of $2,000, and matures in 25 years. What is the quoted price of the bond?

Answer Choices:

  • 96.69

  • 1,933.73

  • 98.62

  • 96.96

  • 2,127.11

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