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Casey corporation has a bond outstanding with a coupon rate of 5.56% and semi annual payments....

Casey corporation has a bond outstanding with a coupon rate of 5.56% and semi annual payments. the bond has a yield to maturity of 6.7% a par value of 2000 and matures and 11 years. what is the quoted price of the bond
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Answer #1

Calculate quoted price as follows:

Quoted price is $1, 824.53.

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