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23. (a).Gugenheim, Inc. offers a 7 percent coupon bond with anniual payments. Ine yield to maturity is 5.85 percent and the maturity date is 9

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23. (a).Gugenheim, Inc. offers a 7 percent coupon bond with anniual payments. Ine yield to maturity is 5.85 percent and the maturity date is 9 years. What is the market price of a $1,000 face value bond? (b) Party Time, Inc. has a 6 percent coupon bond that matures in 11 years. The bond pays interest semiannually. What is the market price of a $1,000 face value bond if the yield to maturity is 12.9 percent

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