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1 Gugenheim, Inc. needs to finance the purchase of yet another masterpiece. To this end, the company is selling some bonds that were donated by

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1 Gugenheim, Inc. needs to finance the purchase of yet another masterpiece. To this end, the company is selling some bonds that were donated by a wealthy donor. The bonds have a 8.00 percent annual coupon. The yield to maturity is 4.4 percent and the bonds mature in 6 years. What is the market price of a $1,000 face value bond? Assume the next coupon is received in one year. 08 $641.65 $979.30 $1,217.43 $413.96 O $1,186.28

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