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8. Gugenheim, Inc. offers a 7 percent coupon bond with annual coupon payments. The yield to maturity is 5.85 percent and the maturity date is
8. Gugenheim, Inc. offers a 7 percent coupon bond with annual coupon payments. The 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? a. $742.66 b. $868.67 C. $869.67 d. $1,078.73 e. $1,079.59
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