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Gugenheim, Inc. offers a 8.75 percent coupon bond with annual payments. The yield to maturity is 4.775 percent and the maturity date is 9 years.

Gugenheim, Inc. offers a 8.75 percent coupon bond with annual payments. The yield to maturity is 4.775 percent and the maturity date is 9 years. What is the market price of a $1,000 face value bond?

	$971.04
	$1,358.34
	$1,285.39
	$628.21
	$971.28

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