Question: Quick Pace Inc. has a bond that pays 4.75% interest semi-annually. If the bond matures in 7 years, what is the market value of a

  1. Quick Pace Inc. has a bond that pays 4.75% interest semi-annually. If the bond matures in 7 years, what is the market value of a $100,000 par value bond with a yield to maturity of 5%? Round your answer to the nearest dollar.

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