23. A 6 percent-coupon rate, $1,000-face value bond matures in 4 years, pays interest semiannually, and has an annual yield to maturity of 6.85 percent. What is the current market price of the bond? a. $768.76 b. $801.38 c. $869.15 d. $910.27 e. $970.69 24. Lambert, Inc. bonds have a face value of $1,000. The bonds carry a 9 percent coupon, pay interest semiannually, and mature in 11 years. What is the current price of these bonds if the yield to maturity is 8.79 percent? a. $705.14 b. $710.36 c. $1,014.62 d. $1,020.15 e. $1,641.04 25. Gordon Industries has 6 percent coupon bonds outstanding with a face value of S1,000 and a market price of $959.21. The bonds pay interest annually and have a yield to maturity of 6.5 percent. How many years will it be until these bonds mature? a. 6.0 years b. 7.5 years c. 10.0 years d. 12.0 years e. 13.0 years