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Salveo, Inc., has a bond outstanding with a coupon rate of 6.9 percent and semiannual payments. The yield to maturity is 6.4 percent and the

Salveo, Inc., has a bond outstanding with a coupon rate of 6.9 percent and semiannual payments. The yield to maturity is 6.4 percent and the bond matures in 6 years. What is the market price if the bond has a par value of $2000?

Select one:

a.1663.6

b.2049.18

c.2393.56

d.1795.82

e.1728.0

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