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Kasey Corporation has a bond outstanding with a coupon rate of 5 . 6 2 percent and semiannual payments. The bond has a yield to

Kasey Corporation has a bond outstanding with a coupon rate of 5.62 percent and semiannual payments. The bond has a yield to maturity of 7 percent, a par value of $2,000, and matures in 14 years. What is the quoted price of the bond?
Multiple Choice
1,931.81
87.81
89.57
88.06
1,756.20

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