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08-03-2024
Business

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Lincoln Park Company has a bond outstanding with a coupon rate of 6.02% and semiannual payments. The yield to maturity is 5.9%, and the bond matures in 16 years. What is the market price of the bond?
A) $1,130.25
B) $1,145.72
C) $1,162.83
D) $1,178.96

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