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Gugenheim, Inc., has a bond outstanding with a coupon rate of 76 percent and annual payments. The yield to maturity is 8.8 percent and the

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Gugenheim, Inc., has a bond outstanding with a coupon rate of 76 percent and annual payments. The yield to maturity is 8.8 percent and the bond matures in 18 years. What is the market price if the bond has a par value of $2,000? Multiple Choice $1,822.77 $1,78703 $1,792.14 $1,789.78 $1,785.15

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