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Gambobo, Inc., has a bond outstanding with a coupon rate of 3.0 percent and semiannual...

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Accounting

Gambobo, Inc., has a bond outstanding with a coupon rate of 3.0 percent and semiannual payments. The yield to maturity is 9.9 percent and the bond matures in 8 years. What is the market price if the bond has a par value of $4000?

2499.05

3063.66

3085.61

2223.89

2865.72

Answer & Explanation Solved by verified expert
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