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Lincoln Park Co. has a bond ourstanding with a coupon rate of 5.82 percent and semiannual payments. The yield to maturity is 6.9 percent and

Lincoln Park Co. has a bond ourstanding with a coupon rate of 5.82 percent and semiannual payments. The yield to maturity is 6.9 percent and the bond matures in 24 years. What is the market price if the bond has a par value of $2000?

a. $1783.38

b. $1751.10

c. $1750.07

d. $1748.41

e. $1753.40

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