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Kasey Corporation has a bond outstanding with a coupon rate of 5 . 9 4 percent and semiannual payments. The bond has a yield to

Kasey Corporation has a bond outstanding with a coupon rate of

5.94

percent and semiannual payments. The bond has a yield to maturity of

5.1

percent, a par value of $

2, 000,

and matures in

20

years. What is the quoted price of the bond?

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